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Figure 3-7 -Suppose That the Market for DVDs Is Initially at Point

Question 74

Multiple Choice

Figure 3-7
Figure 3-7 -Suppose that the market for DVDs is initially at point A on demand curve D₂ in Figure 3-7.If there is a decrease in the price of DVDs, A) the demand curve will shift to D₂ B) equilibrium will move to point B on demand curve D₁ C) equilibrium will move to point C on demand curve D₁ D) there will be no change from point A E) the demand curve will shift to D₃
-Suppose that the market for DVDs is initially at point A on demand curve D₂ in Figure 3-7.If there is a decrease in the price of DVDs,


A) the demand curve will shift to D₂
B) equilibrium will move to point B on demand curve D₁
C) equilibrium will move to point C on demand curve D₁
D) there will be no change from point A
E) the demand curve will shift to D₃

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