Digital Video Recorders (DVRs)were Introduced to the Market in 1999,and

question 228

Multiple Choice

Digital video recorders (DVRs) were introduced to the market in 1999,and new technology has allowed for the cost of manufacturing the recorders to decline significantly since the initial introduction.How did this change in technology affect the market for DVRs?

• A)The new technology caused an increase in the supply of DVRs and a decrease in price of DVRs.
• B)The new technology caused an increase in the supply of DVRs and an increase in price of DVRs.
• C)The new technology caused an decrease in the demand for DVRs.
• D)The new technology caused an increase in the quantity of DVRs supplied.

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Definitions:

Erosion Effects

Erosion effects describe the gradual decrease or undermining of value, benefits, or productivity, often due to external factors such as competition or technological advancements.

Equivalent Annual Costs

A financial analysis method to determine the annual cost of owning, operating, and maintaining an asset over its entire life.

Use of Cash

Describes how a company spends its cash, encompassing operational expenses, investment activities, and financing activities.

Accounts Receivable

Owed sums to a corporation by its customers for commodities or services furnished or taken advantage of, with the payment still forthcoming.