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:

ICD-9

An outdated system for the International Classification of Diseases, Ninth Revision, used for coding and classifying diagnoses and procedures.

Acute Condition

A medical condition characterized by the sudden onset of severe symptoms that require immediate attention.

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A diabetes complication that affects the eyes, caused by damage to the blood vessels of the light-sensitive tissue at the back of the eye (retina).

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A long-lasting disease marked by elevated blood sugar levels resulting from the body's insufficiency in producing or properly utilizing insulin.