A Large Increase in the Supply of HD-TV Sets Occurs

question 124

Multiple Choice

A large increase in the supply of HD-TV sets occurs simultaneously with a smaller decrease in its demand. As a result, the equilibrium price will

• A) increase and the equilibrium quantity will decrease.
• B) increase and the equilibrium quantity will increase.
• C) decrease and the equilibrium quantity will decrease.
• D) decrease and the equilibrium quantity will increase.

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Definitions:

Ethnomethodological

Pertaining to ethnomethodology, a sociological approach focusing on the ways people use everyday interactions to construct and understand social norms and realities.

Conversational Analysis

The study of the ways in which people produce and interpret conversation in natural settings, emphasizing the patterns and structures of talk.

Contexts

Contexts refer to the circumstances or backgrounds that form the setting for events, statements, or ideas, and in terms of which they can be fully understood and assessed.

Ethnomethodological

Relating to ethnomethodology, a sociological perspective focusing on the ways in which social order is produced in and through everyday interactions.