Suppose the Demand for Digital Video Recorders (DVRs)is Given by Q

question 150

Multiple Choice

Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc,where Q is the quantity of DVRs demanded (in 1000s) ,p is the price of a DVR,and pc is the price of cable television.How much of a change in p must occur for Q to increase by one?

• A) fall by 25¢
• B) fall by $4
• C) increase by 25¢
• D) fall by $4.25

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Definitions:

Environmental Influences

External factors, including social, cultural, and physical environments, that can affect individuals' behaviors, decisions, and health.

Genetic Influences

The contribution of genes to the development of traits and behaviors in organisms, including humans.

Monozygotic Twins

Twins who originate from a single fertilized egg, therefore sharing identical genetic material.

Dizygotic Twins

Also known as fraternal twins, they are siblings born at the same time but have developed from two different eggs fertilized by two different sperm.