-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

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Specialized knowledge or skill in a particular field, gained through experience or education.

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