{"id":58560,"date":"2024-04-16T01:21:41","date_gmt":"2024-04-16T01:21:41","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=58560"},"modified":"2024-04-16T01:21:41","modified_gmt":"2024-04-16T01:21:41","slug":"the-price-of-compact-disc-players-fell-over-the-past-decade-due-to-the-combination-of-improving-technology-and-rising-incomes-the-falling-prices-of-a-compact-disc-caused-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-price-of-compact-disc-players-fell-over-the-past-decade-due-to-the-combination-of-improving-technology-and-rising-incomes-the-falling-prices-of-a-compact-disc-caused-the\/","title":{"rendered":"The price of compact disc players fell over the past decade due to the combination of improving technology and rising incomes. The falling prices of a compact disc caused the"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a974194ab4f7\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Demand curve for compact disc players to shift rightward faster than the supply curve of compact disc players shifted rightward                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Supply curve of compact disc players to shift rightward faster than the demand curve for compact disc players shifted rightward                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Demand curve for compact disc players to shift leftward and supply curve of compact disc players to shift leftward                <\/div>\r\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Supply curve of compact disc players to shift rightward and the demand curve for compact disc players to shift leftward                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>B. Supply curve of compact disc players to shift rightward faster than the demand curve for compact disc players shifted rightward<\/strong>.<\/p>\n<p>The price of compact disc players fell over the past decade due to the combination of improving technology and rising incomes. Improving technology has made it cheaper to produce compact disc players, while rising incomes have made people more willing to buy them. This has caused the supply curve of compact disc players to shift rightward, as more firms are willing to produce them at a given price. The demand curve for compact disc players has also shifted rightward, as more people are willing to buy them at a given price. However, the supply curve has shifted rightward faster than the demand curve, which has caused the price of compact disc players to fall.<\/p>\n<p>Option A is incorrect because the demand curve for compact disc players <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> has shifted rightward, not leftward. Option C is incorrect because both the demand curve and the supply curve have shifted rightward, not leftward. Option D is incorrect because the supply curve has shifted rightward, not leftward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The price of compact disc players fell over the past decade due to the combination of improving technology and rising incomes. 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