Suppose the Price of Compact Disks (CDs)increases,other Things Equal

question 146

Multiple Choice

Suppose the price of compact disks (CDs) increases,other things equal.Which of these is most likely to occur in the market for DVDs,a substitute?

• A)The demand for DVDs is likely to decrease.
• B)The demand for DVDs is likely to increase.
• C)The quantity of DVDs demanded is likely to increase.
• D)A decrease in the quantity of DVDs demanded is likely to decrease.
• E)A decrease in the quantity of DVDs supplied is likely to decrease.

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Definitions:

Product Benefits

The positive outcomes or advantages that a consumer receives from using a product.

Conceptual Skill

The ability to understand complex ideas and conceptualize how they can be applied to solve real-world problems.

Strategic Thinking

The process of planning for the future by analyzing current situations, predicting outcomes, and devising plans to achieve long-term objectives.

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Various methods, techniques, software, and materials used by salespeople to enhance the buying process and increase sales.