Multiple Choice
Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right,but the supply curve shifts less than the demand curve.As a result
A) both the equilibrium price and quantity of DVD players will decrease.
B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase.
D) the equilibrium price of DVD players will decrease; the equilibrium quantity will increase.
Correct Answer:

Verified
Correct Answer:
Verified
Q127: If the quantity demanded for a product
Q128: Cole was discussing the market for cocoa
Q129: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 3-1
Q130: If in the market for bananas the
Q131: Explain the difference between substitutes and complements.
Q133: The income effect explains why there is
Q134: In September,buyers of silver expect that the
Q135: A decrease in the demand for eggs
Q136: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 3-2
Q137: When the price of a good rises,consumers