Technological Advancements Have Led to Lower Prices and an Increase

question 216

Multiple Choice

Technological advancements have led to lower prices and an increase in the sale of color laser printers.How does this affect the market for laser printer ink cartridges?

• A)The demand curve for laser printer ink cartridges shifts to the right.
• B)The demand curve for laser printer ink cartridges shifts to the left.
• C)The quantity of laser printer ink cartridges demanded increases.
• D)The quantity of laser printer ink cartridges demanded decreases.

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Partnerships

A business structure where two or more individuals manage and operate a business in accordance with terms set out in a Partnership Agreement.

Sole Proprietorship

A business owned and operated by one person.

Corporation

A business structure that creates an entity separate from its owners and managers.

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A corporation whose shares are traded openly on stock exchanges, subject to regulatory oversight and required to disclose financial and other significant information.