-The Above Table Gives the Demand and Supply Schedules for Blu-

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) 8,000 and $8
C) 20,000 and $20
D) 28,000 and $28