Asked by
Yesha Desai
on Dec 11, 2024
Verified
Which of the following would most likely decrease the current demand for DVD players?
A) an increase in consumer income
B) an increase in the prices of television sets, a complement for DVD players
C) an expectation that the price of DVD players would rise sharply in the near future
D) an increase in the price of VCRs, a substitute for DVD players
DVD Players
Electronic devices designed to play DVDs, compact discs often containing movies or other video content.
Television Sets
Electronic devices designed to receive broadcast signals and display them as visual images.
- Comprehend the impact of variations in consumer income on the demand for products.
- Understand the impact of anticipated future prices on present demand.
Verified Answer
DA
Learning Objectives
- Comprehend the impact of variations in consumer income on the demand for products.
- Understand the impact of anticipated future prices on present demand.