Multiple Choice
-The above table gives the demand and supply schedules for Blu- ray discs. If the price of a Blu- ray disc is $8, there is a _______ and the price of a Blu- ray disc will _______.
A) shortage; fall
B) surplus; rise
C) surplus; fall
D) shortage; rise
Correct Answer:

Verified
Correct Answer:
Verified
Q64: Which of the following shifts the supply
Q65: An increase in the number of consumers<br>A)
Q66: The price of a bag of corn
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q70: The supply curve slopes upward when graphed
Q71: Suppose the equilibrium price of bottled water
Q72: If the money price of wheat increases
Q73: Each point on the demand curve reflects<br>A)
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -The above figure