Suppose That the Price of Compact Disks (CDs)increases, Other Things

question 141

Multiple Choice

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?

• A)a decrease in demand for DVDs
• B)an increase in demand for DVDs
• C)an increase in quantity demanded of DVDs
• D)a decrease in quantity demanded of DVDs
• E)a decrease in the quantity supplied of DVDs

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Definitions:

Old Age Security

A government-provided pension plan in several countries designed to provide income support to the elderly.

Guaranteed Income Supplements

Financial assistance programs provided by governments to supplement income for elderly, disabled, or individuals earning below a certain threshold.

Violent Crime

Refers to criminal activities that involve the use or threat of physical force or violence against persons.

Basic Daily Needs

Essential requirements for human survival and well-being, such as food, water, shelter, and clothing.