This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A technological breakthrough lowers the cost of manufacturing DVDs. As a result, the market changes ... (Read 57 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jun 30, 2018
A technological breakthrough lowers the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):
 a. upward movement along the demand curve for DVDs.
  b. rightward shift in the demand curve for DVDs.
  c. rightward shift in the supply curve for DVDs.
  d. shortage of DVDs.

Question 2

Consider the market for grapes. An increase in the wage paid to grape pickers will cause the:
 a. demand curve for grapes to shift to the right, resulting in a higher equilibrium price for grapes and a reduction in the quantity consumed.
  b. demand curve for grapes to shift to the left, resulting in a lower equilibrium price for grapes and an increase in the quantity consumed.
  c. supply curve for grapes to shift to the left, resulting in a lower equilibrium price for grapes and a decrease in the quantity consumed.
  d. supply curve for grapes to shift to the left, resulting in a higher equilibrium price for grapes and a decrease in the quantity consumed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


rmenurse

  • Member
  • Posts: 513
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o
The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig The S-curve in the human vertebral column--a result of the evolution of bipedality--makes humans hig
Gallstones result from the crystallization of salts and other compounds in bile Gallstones result from the crystallization of salts and other compounds in bile
Cost of Laptops Cost of Laptops
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library