Assume That Both the Demand Curve and the Supply Curve

question 58

Multiple Choice

Assume that both the demand curve and the supply curve for DVD players shift to the left but the supply curve shifts more than the demand curve.As a result

• A)both the equilibrium price and quantity of DVD players will decrease.
• B)the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase.
• D)the equilibrium price of DVD players will increase; the equilibrium quantity will decrease.

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Definitions:

Object Orientation

A programming paradigm based on the concept of "objects", which can contain data and code: data in the form of fields, and code, in the form of procedures.

Temporal Orientation

A psychological concept referring to the way individuals relate to time, whether focusing more on the past, present, or future in their life and decisions.

Emotive Orientation

An approach or attitude that emphasizes the importance and value of emotions in human experience and decision making.

Reincarnation

The belief or philosophical concept that the soul or spirit, after biological death, begins a new life in a new body.