Many Consumer Items Eventually Go Out of Style,and Because Fewer

question 8

Multiple Choice

Many consumer items eventually go out of style,and because fewer people want these items,demand for them drops.When this happens,we usually see production of these items stop.What happens to the equilibrium price and equilibrium quantity in a market like this?

• A) The equilibrium price goes up and equilibrium quantity goes up.
• B) The equilibrium price is indeterminate and equilibrium quantity goes up.
• C) The equilibrium price goes down and equilibrium quantity is indeterminate.
• D) The equilibrium price is indeterminate and equilibrium quantity goes down.
• E) The equilibrium price goes up and equilibrium quantity is indeterminate.

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Definitions:

Adults

Mature individuals of a species, who have reached the developmental stage where they have full growth and are typically capable of reproduction.

FISH

Fluorescence in situ hybridization, a molecular cytogenetic technique used to detect and localize the presence or absence of specific DNA sequences on chromosomes.

Fluorescent-Tagged RNA

A technique where RNA molecules are labeled with fluorescent dyes to visualize their location and dynamics within cells.

Complementary DNA

DNA synthesized from a messenger RNA template, allowing for the cloning and examination of specific genes.