A Simultaneous Increase in Both the Demand for MP3 Players

question 70

Multiple Choice

A simultaneous increase in both the demand for MP3 players and the supply of MP3 players would imply that

• A)both the value of MP3 players to consumers and the cost of producing MP3 players has increased.
• B)both the value of MP3 players to consumers and the cost of producing MP3 players has decreased.
• C)the value of MP3 players to consumers has decreased,and the cost of producing MP3 players has increased.
• D)the value of MP3 players to consumers has increased,and the cost of producing MP3 players has decreased.

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Definitions:

Prescriptive

Offering or providing guidelines, rules, or recommendations on how things should be done.

Achievement Behaviors

involve actions aimed at excelling, surpassing goals, and performing at high standards to achieve success.

Perform Their Very Best

This phrase emphasizes the act of individuals giving their utmost effort and achieving the highest level of performance in their tasks or roles.

External Locus Of Control

The belief that one's achievements or failures result from external factors, forces, or luck rather than one's own actions or efforts.