Multiple Choice
An increase in the price of plastic raises the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n) :
A) surplus of DVDs.
B) increase in the demand for DVDs.
C) leftward shift in the demand curve for DVDs.
D) leftward shift in the supply curve for DVDs.
Correct Answer:
Verified
Correct Answer:
Verified
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