Positive Technological Change in the Production of LCD Televisions Caused

question 46

Multiple Choice

Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall.Holding everything else constant,how would this affect the market for Blu-ray players (a complement to LCD televisions) ?

• A) The supply of blu-ray players would increase and the equilibrium price of blu-ray players would decrease.
• B) The demand for blu-ray players would increase and the equilibrium price of blu-ray players would increase.
• C) The demand for blu-ray players would decrease because consumers could afford to buy fewer LCD televisions and blu-ray players.
• D) The demand for blu-ray players would increase and the equilibrium price of blu-ray players would decrease.

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Definitions:

Artery

A blood vessel carrying blood away from the heart, usually filled with oxygenated blood.

Vein

A blood vessel that carries blood towards the heart. Most veins carry deoxygenated blood from the tissues back to the heart.

Capillary

The smallest of the body's blood vessels, connecting arterioles and venules, and playing a key role in the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and surrounding tissues.

Inappropriately Loud Voice

Speaking at a volume that is considered excessively high for the given social or contextual setting, often leading to discomfort or disturbance.