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Suppose that the price of compact disks (CDs) increases, other things equal.Which of the following in the most likely effect in the market for DVDs?
Credit Information
Data that relates to the creditworthiness of an individual or company, including transaction history and financial behavior.
Ethical Obligation
A moral responsibility or duty that guides individuals' actions and decisions, often determined by societal norms or professional guidelines.
Legal Obligation
A duty bound by law, requiring individuals or organizations to act or abstain from acting in a specified manner.
Merchandise
Goods that are bought, sold, or traded, often within the context of retail.
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