Asked by
Carl Andrei Brigoli
on Dec 05, 2024Verified
The cost of sensors used in making digital cameras falls,while a successful ad campaign makes digital cameras more fashionable.As a result,the equilibrium price of digital cameras _____ and the equilibrium quantity _____.
A) increases;increases
B) increases;may increase,decrease,or stay the same
C) may increase,decrease,or stay the same;increases
D) decreases;increases
Digital Cameras
Electronic devices used to capture and store photographs in digital format.
Sensors
Devices or modules that detect and respond to physical or environmental conditions, converting them into signals that can be measured or analyzed.
- Fathom the impact that changes in the costs of inputs have on supply levels.
- Investigate the impact of innovations in technology and shifts in consumer preferences on market stability.
Verified Answer
AL
Learning Objectives
- Fathom the impact that changes in the costs of inputs have on supply levels.
- Investigate the impact of innovations in technology and shifts in consumer preferences on market stability.
Related questions
(Figure: Demand for Coconuts)Use Figure: Demand for Coconuts ...
An Increase in the Price of Ink Will Shift the ...
A Reduction in an Input Price Will Cause a Change ...
Which of the Following Events Will Cause a Leftward Shift ...
When an Industry's Raw Material Costs Increase, Other Things Remaining ...