Suppose There Is a Decrease in the Demand for VCRs

question 50

Multiple Choice

Suppose there is a decrease in the demand for VCRs. We would expect:

• A) both the equilibrium price and quantity of VCRs to increase.
• B) both the equilibrium price and quantity of VCRs to decrease.
• C) the equilibrium price of VCRs to decrease and the equilibrium quantity of VCRs to increase.
• D) the equilibrium price of VCRs to increase and the equilibrium quantity of VCRs to decrease.

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Definitions:

Macr/o

A prefix in medical terminology indicating large or long.

Pyr/o

A combining form relating to fire or heat, often used in medical terminology.

-al

A suffix meaning pertaining to, commonly used in the formation of adjectives from nouns.

-graphy

A suffix used in medical terminology to denote a process of recording or visualizing, usually with specialized equipment or techniques.