Assume There Is an Improvement in the Technology Used to Produce

question 54

Multiple Choice

Assume there is an improvement in the technology used to produce Blu-ray disc players.What could be expected to happen to the equilibrium price and quantity in the market for Blu-ray disc players?

• A)Equilibrium price would increase and equilibrium quantity would decrease.
• B)Equilibrium price and quantity would both decrease.
• C)Equilibrium price would decrease and equilibrium quantity would increase.
• D)Equilibrium price and quantity would both increase.

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Definitions:

Crime Scene

A location where an illegal act occurred, being investigated for evidence.

Accused Person

An individual who is charged with a wrongdoing or crime.

Preponderance of Evidence

A standard of proof in civil cases, which requires that the greater weight of the evidence must support the party's case.

Reasonable Suspicion

A legal standard of proof in United States law that is less than probable cause, the standard for arrests, but more than an inchoate and unparticularized suspicion or hunch, used to justify brief stops and detentions, but not full searches.