econ

my mind is going blank here..can someone chime in and help:

If a new breakthrough in manufacturing technology reduces the cost of producing cd players by half, what will happen to the demand for cd players?

Thank you for using the Jiskha Homework Help Forum. It is the "supply and demand." If the price is cut in half a lot more people will feel it is affordable! "price down = demand up"

but is it a shift or a movement?

Thank you for using the Jiskha Homework Help Forum again. A "shift" to me is a "change in direction" and a "movement" is also "change of place or position or posture." To me they are synonymous!

In economics, we refer to a change in demand as a shift in the demand curve. However, a change in quantity demanded is a movement along the existing demand curve. So, my answer would be "no change in demand", but "increase in quantity" demanded as price falls.

  1. 👍 0
  2. 👎 0
  3. 👁 126
asked by tk

Respond to this Question

First Name

Your Response

Similar Questions

  1. English

    To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous. . . Which word is most similar to how chime in is used here? Agree Create Harmonize Resound I have no

    asked by Henry on March 11, 2016
  2. Algebra 2

    Introduction to quadratic equations? If you solve the equation by completing the square, fill in the blanks. 9x^2+9x+4=0 x^2+x+blank=-4/9+blank

    asked by Chelsea:) on April 24, 2012
  3. help

    Introduction to quadratic equations? If you solve the equation by completing the square, fill in the blanks. 9x^2+9x+4=0 x^2+x+blank=-4/9+blank

    asked by Chelsea:) on April 20, 2012
  4. Social studies

    Fill in the blank Sparta didn't mind stopping its war against Athens because it was building a blank and making an alliance with blank please help me I really need help ASAP

    asked by Mackenzie on September 22, 2017
  5. biology (fill in the blanks)

    Big picture of natural selection/ keep in mind… Natural selection doesn’t move in a BLANK BLANK Natural selection is not a BLANK process Natural selection isn't BLANK; Its all relative to the BLANK. Its from a study form.

    asked by Lana on March 26, 2015
  6. Visual Basic (Computer)

    In the following examples, identify the condition a program would detect (the first exercise is solved for you): a. 4 is blank 3 a. greater than b. 8 is blank 8 b. blank c. 17 is blank 17.8 c. blank d. 75 is blank 85 d. blank e.

    asked by Daroderick on January 9, 2013
  7. math

    An antique clock takes 5.5 seconds to chime at 3 o'clock. How long does it take to chime at 9 o'clock ? 5.5/2= 2.75x8=22seconds

    asked by Claire on March 4, 2015
  8. 3rd grade

    complete to show how you can find the sum by making a ten, hundred, or thousand. 9+5=14 9+1+ blank 10+ blank blank 90+50=140 90+10+blank 100+blank blank 900+500=1400 900+100+blank 1000+blank blank

    asked by thomas on September 29, 2010
  9. chemistry

    Complete the following reactions, where applicable. If no reaction occurs write N.R A) blank + blank ---> Cu(NO3)2 + PbSO4 B) C6H12O6 + O2 --> blank + blank C) AgNO3 + CuCI2 ---> blank + blank

    asked by Rosie on November 1, 2014
  10. Spanish 2 Help!

    Fill in the blamks with the appropriate pronoun and conjugated reflexive verb. 1.)Tu_____ ______ el pelo (peinarse) Bank 1= Blank 2= 2.)Raul y Sarita no___ ___ afeitarse) Blank 1= Blank 2= 3.)No prefiero_____el pelo.(lavarse)

    asked by Sara on December 8, 2013

More Similar Questions