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

question 155

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 more 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.

Grasp the objectives of labor unions and how they strive to achieve better working conditions.

Understand the procedure and importance of collective bargaining in resolving labor disputes.

Understand the concept and objectives of affirmative action programs within the context of employment and diversity efforts.

Identify and differentiate between primary and secondary characteristics of diversity in the workplace.

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Definitions:

Divorce Rate

A statistical measure representing the frequency of divorces in a population over a certain period of time, often calculated per 1,000 individuals in the population.

Cohabit

To live together in a shared dwelling, typically referring to a couple who are not legally married.

Traditional Views

Perspectives or beliefs that emphasize values, practices, and norms established and maintained over long historical periods, often resistant to change.

Polygamy

Marriage in which a person has more than one spouse and is permitted sexual access to each of them.