Multiple Choice
DVDs and DVD players are complements. An increase in the price of DVD players would cause which of the following in the market for DVDs?
A) The equilibrium price and quantity of DVDs would increase.
B) The equilibrium price and quantity of DVDs would decrease.
C) The equilibrium price of DVDs would increase, and the equilibrium quantity would decrease.
D) The equilibrium price of DVDs would decrease, and the equilibrium quantity would increase.
Correct Answer:
Verified
Correct Answer:
Verified
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