If the Demand for High Definition Televisions Increases and the Supply

question 8

Multiple Choice

If the demand for high definition televisions increases and the supply of high definition televisions increases,then

• A) it is clear that prices will increase; the change in the quantity of televisions sold is ambiguous.
• B) it is clear that prices will decrease; the change in the quantity of televisions sold is ambiguous.
• C) it is clear that quantity sold will increase; the change in the price of televisions is ambiguous.
• D) it is clear that quantity sold will decrease; the change in the price of televisions is ambiguous.

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Definitions:

Changing Environment

Refers to the dynamic and evolving nature of the external and internal contexts in which an organization operates.

Nucleotide

A nucleotide is the structural unit that links together to form DNA (and RNA). Each nucleotide includes a sugar (like deoxyribose or ribose) and a base.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

RNA

Ribonucleic acid, a nucleic acid present in all living cells that acts as a messenger carrying instructions from DNA for controlling the synthesis of proteins.