Multiple Choice
-The above table gives the demand and supply schedules for Blu-ray discs. Suppose that the price of a Blu-ray disc player increases, resulting in the demand for Blu-ray discs decreasing by 8,000 units at all prices. What are the new equilibrium quantity and equilibrium price of Blu-ray discs?
A) 16,000 and $16
B) 20,000 and $20
C) 28,000 and $28
D) 8,000 and $8
Correct Answer:

Verified
Correct Answer:
Verified
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