Technological Advances Have Resulted in Lower Prices for Digital Cameras

question 100

Multiple Choice

Technological advances have resulted in lower prices for digital cameras.What is the impact of this on the market for traditional (non-digital) cameras?

• A)The demand curve for traditional cameras shifts to the right.
• B)The supply curve for traditional cameras shifts to the right.
• C)The demand curve for traditional cameras shifts to the left.
• D)The supply curve for traditional cameras shifts to the left.

---

Definitions:

Hula Hoop

A large hoop that can be twirled around the waist, limbs, or neck for sport or entertainment.

Rebate

A return of part of the original payment for some service or merchandise, serving as a discount or reduction after the purchase.

Void Contract

refers to an agreement with no legal effect from the beginning due to an illegal purpose or violation of a mandatory statute.

Voidable Contract

A legal agreement that is valid and enforceable on its face, but can be declared void by one or more of the parties for certain legal reasons.