The price of digital cameras fell because of improvements in production technology. as a result, the demand for non-digital cameras decreased. this caused the price of non-digital cameras to fall; as the price of non-digital cameras fell the demand for non-digital cameras decreased even further." evaluate this statement. a. the statement is false because the demand for non-digital cameras would increase as the price of digital cameras fell. b. the statement is false. a decrease in the price of digital cameras would decrease the demand for non-digital cameras, but a decrease in the price of non-digital cameras would not cause the demand for non-digital cameras to decrease. c. the statement is false because it confuses the law of demand with the law of supply. d. the statement is false because digital camera producers would not reduce their prices as a result of improvements in technology; doing so would reduce their profits
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 11:00, PanjiUR9220
What is the correct percentage of texas teachers charged with ethics violations each year?
Answers: 2
Business, 22.06.2019 14:30, Hannahdavy5434
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
Business, 22.06.2019 20:40, MyaMya12
Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005
Answers: 1
You know the right answer?
The price of digital cameras fell because of improvements in production technology. as a result, the...
Questions in other subjects:
Chemistry, 06.09.2019 00:10
