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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?
Extinctions
The permanent and irreversible loss of species from Earth, often due to environmental changes, natural disasters, or human activities.
Desertification
The conversion of lush, fertile ground into desolate deserts, commonly triggered by lack of rain, cutting down forests, or faulty agricultural techniques.
Deforestation
The clearing of trees and forests, typically leading to habitat destruction and biodiversity loss.
Reduced Precipitation
A decrease in the amount of rainfall over a specific period, often impacting water supply and ecosystem health.
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