When digital cameras came into the market, they cost almost twice the amount of regular cameras with similar capabilities. It was widely believed that the price would come down as more efficiency is achieved in the new technology. The price surely came down significantly in about seven years. However, surprisingly, the cost of regular cameras, an old, efficient technology, did not come down at all, despite the market gradually leaning towards digital cameras.
Which one of the following most helps to explain why the price of regular cameras did not come down?
A) Many professionals still preferred using regular cameras because of the higher control it allowed them in shooting photographs from different angles.
B) As more consumers bought digital cameras, the production volume of regular cameras went down, forcing high prices per regular camera to stick.
C) There was no scope for innovation in manufacturing of regular cameras which would result in low production costs.
D) Some consumers who bought regular cameras after the advent of digital cameras were price-sensitive.
E) Many consumers were not technologically savvy and still preferred the old-school regular cameras![]()
Which one of the following most helps to explain why the price of regular cameras did not come down?
A) Many professionals still preferred using regular cameras because of the higher control it allowed them in shooting photographs from different angles.
B) As more consumers bought digital cameras, the production volume of regular cameras went down, forcing high prices per regular camera to stick.
C) There was no scope for innovation in manufacturing of regular cameras which would result in low production costs.
D) Some consumers who bought regular cameras after the advent of digital cameras were price-sensitive.
E) Many consumers were not technologically savvy and still preferred the old-school regular cameras