Blank DVDs and Prerecorded DVDs Are Substitutes in Production

question 176

Multiple Choice

Blank DVDs and prerecorded DVDs are substitutes in production. An increase in the price of a blank DVD will lead to

• A) an increase in the supply of prerecorded DVDs.
• B) a decrease in the supply of prerecorded DVDs.
• C) an increase in the quantity supplied of prerecorded DVDs but not in the supply of prerecorded DVDs.
• D) a decrease in the quantity supplied of prerecorded DVDs but not in the supply of prerecorded DVDs.

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Definitions:

Sensorimotor Stage

The first of the four stages of cognitive development in Piaget's theory, spanning from birth to about 2 years of age, where infants learn about the world through their sensory impressions and motor activities.

Conservation

A cognitive ability in child development, identified by Piaget, where a child understands that properties such as mass, volume, and number remain the same despite changes in the forms of objects.

Emotional Attachment

A deep and enduring emotional bond that connects one person to another across time and space.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and opposable thumbs.