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-The Figure Above Shows the Market for Digital Cameras

Question 5

Multiple Choice

-The figure above shows the market for digital cameras.If consumers' incomes rise and a digital camera is a normal good,the equilibrium quantity of digital cameras will be ________ thousand cameras and the price of a digital camera will be ________. A) less than 300; less than $300 B) greater than 300; less than $300 C) 300; greater than $300 D) greater than 300; greater than $300
-The figure above shows the market for digital cameras.If consumers' incomes rise and a digital camera is a normal good,the equilibrium quantity of digital cameras will be ________ thousand cameras and the price of a digital camera will be ________.


A) less than 300; less than $300
B) greater than 300; less than $300
C) 300; greater than $300
D) greater than 300; greater than $300

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