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Tidy Tidy
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9 years ago
Digital video recorders (DVRs) were introduced to the market in 1999, and new technology has allowed for the cost of manufacturing the recorders to decline significantly since the initial introduction. How did this change in technology affect the market for DVRs?
A) The new technology caused an increase in the supply of DVRs and a decrease in price of DVRs.
B) The new technology caused an increase in the supply of DVRs and an increase in price of DVRs.
C) The new technology caused an decrease in the demand for DVRs.
D) The new technology caused an increase in the quantity of DVRs supplied.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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8 years ago
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Tidy Author
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9 years ago
Helped a lot
lierac00
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Yesterday
this is exactly what I needed
Marctheshark
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2 hours ago
Thanks
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