-The Above Table Gives the Demand and Supply Schedules for |

question 362

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { (dollars per } \\\text { disc) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { demanded }\end{array} & \begin{array} { l } \text { Price } \\\text { (dollars per } \\\text { disc) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { supplied }\end{array} \\\hline 4 & 36,000 & 4 & 4,000 \\\hline 8 & 32,000 & 8 & 8,000 \\\hline 12 & 28,000 & 12 & 12,000 \\\hline 16 & 24,000 & 16 & 16,000 \\\hline 20 & 20,000 & 20 & 20,000 \\\hline 24 & 16,000 & 24 & 24,000 \\\hline 28 & 12,000 & 28 & 28,000 \\\hline 32 & 8,000 & 32 & 32,000 \\\hline 36 & 4,000 & 36 & 36,000 \\\hline\end{array}$$
-The above table gives the demand and supply schedules for Blu-ray discs. Suppose that the price of a Blu-ray disc player increases, resulting in the demand for Blu-ray discs decreasing by 8,000 units at all prices. What are the new equilibrium quantity and equilibrium price of Blu-ray discs?

• A) 16,000 and $16
• B) 20,000 and $20
• C) 28,000 and $28
• D) 8,000 and $8

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