Cord Cutters and Cord Shavers Are Shrinking the Number of Pay

question 44

Multiple Choice

Cord cutters and cord shavers are shrinking the number of pay TV subscribers yearly by approximately:

• A) 3%.
• B) 5%.
• C) 7%.
• D) 9%.

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Definitions:

Durable Consumer Goods

Products that are not consumed or destroyed in use and are able to provide utility over time, such as appliances, cars, or furniture.

Loanable Funds

The money available for lending and borrowing in the financial markets.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Downsloping

Refers to a descending trend or pattern, often used in contexts such as demand curves in economics, where price and quantity demanded move in opposite directions.