Assume That the Demand Curve for DVD Players Shifts to the Left

question 132

Multiple Choice

Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right,but the supply curve shifts less than the demand curve.As a result

• A)both the equilibrium price and quantity of DVD players will decrease.
• B)the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase.
• D)the equilibrium price of DVD players will decrease; the equilibrium quantity will increase.

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Definitions:

Multitask

Multitask refers to the ability or practice of handling more than one task simultaneously with cognitive effort.

Non-multitasking Adolescents

Refers to teenagers who engage in single tasks without simultaneously engaging in other tasks, often leading to better focus and performance on the task at hand.

Self-fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become a reality.

Stereotype

A set of beliefs and expectations about members of a group that are held simply because of their membership in the group.