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.

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Definitions:

KML

A file format used to display geographic data in an Earth browser, such as Google Earth, allowing users to create and share map-based visualizations.

Websites

Collections of web pages, images, videos, and other digital assets that are hosted on one or several web server(s), accessible via the Internet.

Public-Key Encryption

A type of encryption where two keys, known as a key pair, are created. One key is used for coding and the other for decoding. The key for coding is distributed as a public key, whereas the private key is retained for decoding.

Key Pair

The two keys used in public-key encryption.