Which of the Following Statements About the Television and Premium

question 82

Multiple Choice

Which of the following statements about the television and premium video industry is not true?

• A)Apple's iTunes store is the leading distributor of streaming video.
• B)The television industry is the major source of premium video on the Internet.
• C)Americans spend more time watching television on a computer or mobile device than they do on a traditional television set.
• D)Over-the-top entertainment services are a threat to cable television distributors.

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Definitions:

Elasticity of Supply

A metric assessing how the provision of a good changes in response to price adjustments.

Quantities Supplied

The amount of goods and services that producers are willing and able to sell at a given price over a specified period.

Price-Elasticity

A measure of how responsive the quantity demanded of a good is to a change in its price, indicating how shifts in price can affect supply and demand.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a specific price.