Refer to Scenario 3

question 72

Multiple Choice

Refer to Scenario 3.1 below to answer the questions that follow.
SCENARIO 3.1: Rented DVDs and movies shown in theaters are substitutes. Rented DVDs and plasma TVs are complements. Plasma TVs and movies shown in theaters are normal goods. People watch rented DVDs more often in the winter than in the summer.
-Refer to Scenario 3.1. Most plasma TVs sold in the United States are imported from Japan. If the United States government reduces the number of plasma TVs that can be imported into the United States, ceteris paribus, what would happen?

• A) The price of plasma TVs and the rental price of DVDs would decrease.
• B) The price of plasma TVs would decrease, and the rental price of DVDs would increase.
• C) The price of plasma TVs would increase, and the rental price of DVDs would decrease.
• D) The price of plasma TVs and the rental price of DVDs would increase.

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Definitions:

Community

A group of people living in the same place or having a particular characteristic in common, sharing interests, values, or goals.

Content

The information or experience that is directed towards an end-user or audience, especially in digital media.

Connection

The relationship or link between two or more elements, often referring to network links in technology or personal bonds between individuals.

Stickiness Marketing Dashboard

A tool used in digital marketing to measure and visualize the effectiveness of strategies in keeping consumers engaged and returning to a platform or website.