Other Things Being Equal, the Effect of a Decrease in the Price

question 79

Multiple Choice

Other things being equal, the effect of a decrease in the price of compact discs on the market for compact disc players is a/an:

• A) leftward shift in the demand curve for compact disc players.
• B) upward movement along the demand curve for compact disc players.
• C) rightward shift in the demand curve for compact disc players.
• D) downward movement along the demand curve for compact disc players.

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Definitions:

Operator

In programming, a symbol that represents an operation (like addition or comparison) performed on one or more operands.

Aggregate Function

A function in computing that performs a calculation on a set of values and returns a single value, often used in database queries.

Average Amount

The result obtained by adding several quantities together and then dividing this total by the number of quantities.

Start Date

The specified day when an event begins or a contract comes into effect.