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

question 9

Multiple Choice

-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) 8,000 and $8
• C) 20,000 and $20
• D) 28,000 and $28

---

Definitions:

Robert Sternberg

An American psychologist known for his theory on intelligence and creativity, including the triangular theory of love.

School Work

Educational tasks or assignments assigned to students by their teachers.

Appeal To Ignorance Fallacy

The appeal to ignorance fallacy is a logical fallacy where it is assumed that a claim is true because it has not been proven false, or vice versa.

Government Funding

Financial support provided by the government to organizations, individuals, or other governmental bodies for specific purposes or projects.