A Decrease in Input Costs in the Production of LCD

question 31

Multiple Choice

A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease.Holding everything else constant,how would this affect the market for video game consoles (a complement to LCD televisions) ?

• A)The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease.
• B)The demand for video game consoles would decrease and the equilibrium price of video game consoles would decrease.
• C)The demand for video game consoles would decrease because consumers could afford to buy fewer LCD televisions and video game consoles.
• D)The demand for video game consoles would increase and the equilibrium price of video game consoles would increase.

---

Definitions:

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner, with the aim of minimizing negative impacts and promoting positive outcomes.

Same Goal

A situation where multiple parties or individuals share a common objective or purpose they aim to achieve.

Dual Concerns Model

A theoretical framework in conflict resolution that assesses parties’ concerns regarding their own outcomes and the outcomes of others.

Cooperativeness Dimension

An aspect of negotiation that measures the extent to which a party is willing to work with the other side to find a mutually beneficial outcome.