Assume That the Demand Curve for MP3 Players Shifts to the Right

question 66

Multiple Choice

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts more than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Defensive Behaviour

Actions or reactions aimed at protecting oneself from perceived threats or criticism.

Scapegoating

A process of assigning blame to an individual or group, often unfairly, to deflect accountability or responsibility away from others.

Overconforming

A behavioral pattern where individuals adhere excessively to norms or rules, often going beyond what is required or expected.

Political Skill

The ability to effectively understand and influence others in a workplace or organizational context, often to achieve personal or organizational objectives.