The Cost of Sensors Used in Making Digital Cameras Falls,while

question 194

Multiple Choice

The cost of sensors used in making digital cameras falls,while a successful ad campaign makes digital cameras more fashionable.As a result,the equilibrium price of digital cameras _____ and the equilibrium quantity _____.

• A)increases;increases
• B)increases;may increase,decrease,or stay the same
• C)may increase,decrease,or stay the same;increases
• D)decreases;increases

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Definitions:

High Price

A pricing strategy where goods or services are offered at a higher cost than the average market price, often reflecting perceived higher value or quality.

Social Force

Factors within a society that influence individuals' behaviors, actions, and attitudes, such as cultural norms and values.

Buying Behaviors

Patterns or habits displayed by consumers when making purchasing decisions, influenced by various personal and external factors.

Family

A social unit consisting of parents and their children, often living together and considered as a group.