A Simultaneous Decrease in Both the Demand for MP3 Players

question 116

Multiple Choice

A simultaneous decrease in both the demand for MP3 players and the supply of MP3 players would imply that

• A)both the value of MP3 players to consumers and the cost of producing MP3 players has increased.
• B)both the value of MP3 players to consumers and the cost of producing MP3 players has decreased.
• C)the value of MP3 players to consumers has decreased,and the cost of producing MP3 players has increased.
• D)the value of MP3 players to consumers has increased,and the cost of producing MP3 players has decreased.

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Definitions:

New Urbanism

An urban design movement that promotes environmentally friendly habits by creating walkable neighborhoods containing a wide range of housing and job types.

Urban Design

A multidisciplinary practice that focuses on the design and organization of public spaces, cities, and towns, aiming to create environmentally sustainable, functional, and aesthetically pleasing environments.

Degree of Urbanization

A measure that denotes the proportion of a population living in urban areas as compared to rural areas.

Urban Area

A geographic area with a high population density and infrastructure of built environment, characterized by human structures such as roads, bridges, buildings, and other urban features.