As the Use of DVDs Becomes More Widespread, We Would

question 172

Multiple Choice

As the use of DVDs becomes more widespread, we would expect all of the following except one.Which is the exception?

• A)The prices of CDs will decrease.
• B)The demand curve for CD players will shift leftward.
• C)The supply curve of CD players will shift rightward.
• D)The demand curve for CDs will shift leftward.
• E)Firms will move their resources away from CD production to DVD production.

---

Definitions:

Excise Tax

A tax charged on specific goods and services, such as gasoline and alcohol.

Government Revenue

The total income received by the government from taxes, fees, fines, and other sources to finance public services and goods.

Latte

A coffee drink made with espresso and steamed milk, often enjoyed for its creamy texture and rich flavor.

Quota

A limited quantity of a particular product that under official controls can be produced, exported, or imported.