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:

Feminists

Individuals who advocate for gender equality and the rights of women.

Global Movement

refers to large-scale, collective actions or trends that span across countries and cultures, aiming at social change or creating awareness on global issues.

Feminism

A social, political, and cultural movement advocating for equal rights and opportunities for all genders, emphasizing the empowerment of women.

Negative Stereotypes

Generalized beliefs about a group that are often unfair or untrue, leading to prejudiced attitudes and discrimination.