Multiple Choice
Ceteris paribus, what effect would an increase in the price of DVD players tend to have?
A) It would increase the demand for DVD players.
B) It would decrease the demand for DVD players.
C) It would increase the price of televisions, a complement to DVD players.
D) It would increase the demand for VCRs, a substitute for DVD players.
Correct Answer:
Verified
Correct Answer:
Verified
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