Multiple Choice
If the price of an MP3 player falls, the price of a CD player and the equilibrium quantity of CD players .
A) rises; decreases
B) rises; increases
C) falls; increases
D) falls; decreases
Correct Answer:

Verified
Correct Answer:
Verified
Q83: An economist says: "The demand curve has
Q274: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figures
Q527: When the price of an inferior good
Q528: If macaroni and cheese is an inferior
Q529: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -The figure above
Q530: Suppose we observe that both the equilibrium
Q531: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -The above table
Q533: An increase in the number of producers
Q534: In the market for fertilizer,<br>A) an increase
Q536: The law of demand states that, other