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:

Metaphysical Stage

A phase in Auguste Comte’s Law of Three Stages where human thought is dominated by abstract and speculative reasoning, seeking the essence of phenomena rather than their physical or empirical properties.

Positive Stage

A term in sociology introduced by Auguste Comte referring to the final stage of societal evolution where explanations of phenomena are based on scientific observations, experiments, and logic.

Political Revolution

A fundamental and rapid change in political power or organizational structures that occurs when the population revolts against the current authority, often leading to social transformation.

Sociological Imagination

A concept introduced by C. Wright Mills, referring to the ability to see the relationship between individual experiences and the larger society.