Positive Technological Change in the Production of LCD Televisions Caused

question 38

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:

Active Listening

A communication technique that involves giving full attention, reflecting, paraphrasing, and summarizing what is heard to ensure understanding.

Keeping Arms Crossed

A body language gesture that can indicate defensiveness, self-protection, or discomfort, but can also simply be a comfortable resting position for some.

Communication Technique

Strategies or methods used to convey information effectively and efficiently between people.

Empathy

The ability to understand and share the feelings of another.