Assume That the Demand Curve for MP3 Players Shifts to the Right

question 170

Multiple Choice

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts less than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)both the equilibrium price and quantity of MP3 players will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Proposals

Documents or presentations that offer a plan or suggestion, aiming to persuade the recipient to take a specific course of action.

Memo Format

A structured method of communication typically used within organizations to convey information or directives in a concise manner.

Direct Approach

A communication style that involves stating the main point or objective at the beginning, often used in clear and straightforward situations.

Indirect Approach

A communication strategy that involves presenting information in a less straightforward manner, often used to soften the delivery of sensitive or complex messages.