Over the Last Few Years, Demand for DVDs Has Increased

question 112

Multiple Choice

Over the last few years, demand for DVDs has increased, and yet their equilibrium price has fallen.Which of the following best explains this situation?

• A)When the price falls, the quantity supplied increases.
• B)There has been a shortage of DVDs.
• C)The supply of DVDs must have decreased.
• D)The demand curve for DVDs slopes upward, so an increase in demand leads to a lower price.
• E)The supply of DVDs must have increased more than the demand for DVDs increased.

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Definitions:

Safety Training

Programs designed to educate employees about workplace hazards and the correct procedures to minimize accidents and injuries.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party or an act with a certain standard of care.

Job-Related Stress

The stress experienced by an individual that is directly attributed to the demands or pressures of their work environment.

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The process of altering job roles and responsibilities to improve efficiency, satisfaction, or adapt to new technologies.