Digital Video Recorders (DVRs) Were Introduced to the Market in 1999

question 164

Multiple Choice

Digital video recorders (DVRs) were introduced to the market in 1999, and new technology has allowed for the cost of manufacturing the recorders to decline significantly since the initial introduction. How did this change in technology affect the market for DVRs?

• A) The new technology caused an increase in the supply of DVRs and a decrease in price of DVRs.
• B) The new technology caused an increase in the supply of DVRs and an increase in price of DVRs.
• C) The new technology caused a decrease in the demand for DVRs.
• D) The new technology caused an increase in the quantity of DVRs supplied.

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Definitions:

Mere Exposure Effect

The psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.

Jazz Performances

Live or recorded musical shows featuring jazz music, known for its improvisational style and complex rhythms.

Familiarity Breeds

A phrase that highlights how extensive knowledge or close association with something or someone can lead to a loss of respect or interest, commonly referred to as "familiarity breeds contempt."

Liking

A positive emotional response or preference for someone or something.