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-Suppose That Initially the Market for DVDs Is at Point

Question 172

Multiple Choice

-Suppose that initially the market for DVDs is at point A on demand curve D₂ in Figure 3-3.If the price of cassette tapes decreased, A) the demand curve will shift to D₃ 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 D₂
-Suppose that initially the market for DVDs is at point A on demand curve D₂ in Figure 3-3.If the price of cassette tapes decreased,


A) the demand curve will shift to D₃
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 D₂

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