Technological Advancements Have Led to Lower Prices and an Increase

question 113

Multiple Choice

Technological advancements have led to lower prices and an increase in the sale of digital cameras.How does this affect the digital photo printing paper market?

• A)The demand curve for digital photo printing paper shifts to the right.
• B)The demand curve for digital photo printing paper shifts to the left.
• C)The supply curve for digital photo printing paper shifts to the right.
• D)The supply curve for digital photo printing paper shifts to the left.

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Definitions:

Reasonable Person

A hypothetical individual in law whose behavior serves as a standard of care to determine negligence by comparing actions to those expected of a typical person.

Ordinary Prudence

A standard of care that refers to the caution, attention, or skill a reasonable person would use under similar circumstances.

Standard Of Reasonable Care

A legal benchmark which dictates the level of care an ordinary, prudent person should take in a specific situation to avoid harm to others.

Blind Person

An individual who lacks visual perception due to physiological or neurological factors beyond normal refractive errors.