Refer to the Information Provided in Figure 12 $$D ^ { \prime }$$

question 99

Multiple Choice

Refer to the information provided in Figure 12.3 below to answer the questions that follow. Figure 12.3
-Refer to Figure 12.3. The DVD industry is a constant-cost industry. As the demand for DVD players shifts from D to $$D ^ { \prime }$$ , which of the following is LEAST likely to result?

• A) More resources will be allocated to produce DVD players.
• B) The demand for DVDs will increase.
• C) If the market for DVD players is competitive, the price will increase to $5.00 in the short and long run.
• D) If the market for DVD players is perfectly competitive, economic profits in this industry will increase in the short run, but will fall back to zero in the long run.

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Definitions:

Vasa Vasorum

Small vessels distributed to the outer and middle coats of larger blood vessels.

Arteries

Blood vessels that carry blood away from the heart to various parts of the body.

Veins

Blood vessels that carry blood towards the heart, typically carrying deoxygenated blood from the tissues back to the heart, except for pulmonary and umbilical veins.

Elastic Vessels

Blood vessels, such as arteries, that contain elastic fibers in their walls allowing them to stretch and recoil, aiding in the maintenance of blood pressure.