Multiple Choice
If the demand for CD players decreases and the supply of CD players decreases, then
A) it is clear that prices will decrease, the change in the quantity of CD players sold is ambiguous.
B) it is clear that prices will increase, the change in the quantity of CD players sold is ambiguous.
C) it is clear that quantity sold will decrease, the change in the price of CD players is ambiguous.
D) it is clear that change in quantity sold is ambiguous, the change in the price of CD players is ambiguous.
Correct Answer:

Verified
Correct Answer:
Verified
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