Blu-ray players were introduced to the market in 2006,and new technology has allowed for the cost of manufacturing the players to decline significantly since their initial introduction.How did this change in technology affect the market for Blu-ray players?
A) The new technology caused an increase in the supply of Blu-ray players and a decrease in price of Blu-ray players.
B) The new technology caused an increase in the supply of Blu-ray players and an increase in price of Blu-ray players.
C) The new technology caused a decrease in the demand for Blu-ray players.
D) The new technology caused an increase in the quantity of Blu-ray players supplied.

Question

Quizplus · Accepted Answer

The change in technology allowed for a decrease in the cost of manufacturing Blu-ray players, resulting in an increase in supply. This increased supply caused a decrease in the price of Blu-ray players, making them more accessible and affordable to consumers. Therefore, Choice A is the best answer.

Blu-Ray Players Were Introduced to the Market in 2006,and New