Networks Increase the Price They Charge Cable Television Firms for Programming.As

question 180

Multiple Choice

Networks increase the price they charge cable television firms for programming.As a result,the price of cable television rises.Choose the correct statement.

• A)A movement occurs up along the demand curve for cable television and the quantity demanded increases.
• B)The demand curve for cable television shifts rightward.
• C)The demand curve for cable television shifts leftward.
• D)A movement occurs up along the demand curve for cable television and the quantity demanded decreases.
• E)The price of cable television does not change because subscribers are already paying a high enough price.

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Definitions:

Impossibility of Performance

A legal defense used in contract law where a party claims that fulfilling the obligations of a contract has become objectively impossible due to unforeseen events.

Supervening Events

Events that occur after the formation of a contract which could render the performance impossible or significantly change the nature of the original agreement.

F.O.B. Buffalo

An Incoterm meaning Free On Board Buffalo, indicating that the seller delivers when the goods are loaded on board a vessel at the Buffalo location, with the seller covering transportation to that point but the buyer taking responsibility thereafter.

Tender

An offer of payment or delivery of goods in fulfillment of an obligation or contract.