If the Demand for CD Players Decreases and the Supply

question 126

Multiple Choice

If the demand for CD players decreases and the supply of CD players decreases, then

• A)it is clear that prices will decrease, the change in the quantity of CD players sold is ambiguous.
• B)it is clear that prices will increase, the change in the quantity of CD players sold is ambiguous.
• C)it is clear that quantity sold will decrease, the change in the price of CD players is ambiguous.
• D)it is clear that change in quantity sold is ambiguous, the change in the price of CD players is ambiguous.

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Definitions:

Significant Factor

An element or aspect that has a major impact on the outcome or understanding of a situation or study.

Internal Or External

Terms used to distinguish between activities, communications, or entities originating within an organization (internal) versus those coming from outside it (external).

Analytical Report

A document that presents detailed analysis and evaluation of a specific issue or problem, often used in business or research.

Conclusions

The final part of something, typically a document, presentation, or thought process, summarizing the main points or outcomes.