A Decrease in the Price of Digital Cameras Will

question 130

Multiple Choice

A decrease in the price of digital cameras will

• A) cause the demand curve for memory cards to become vertical.
• B) shift the demand curve for memory cards to the right.
• C) shift the demand curve for memory cards to the left.
• D) not affect the demand for memory cards.

---

Definitions:

Groceries

Items of food or household supplies sold by a grocer, including perishables and non-perishables, typically for personal or household consumption.

Warehouse Club

A membership-based retail store offering a wide variety of merchandise at discounted prices, often in bulk quantities.

High-end Products

Goods that are considered superior in quality and are often sold at a higher price point, targeting upscale market segments.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales within that market.