The Below Figure Shows the Demand and Supply of DVD

question 29

Multiple Choice

The below figure shows the demand and supply of DVD rentals in a city. S₁ and D₁ are the?original supply and demand curves. The demand curve shifts from D₁ to D₂.?Figure 3.4

-Refer to Figure 3.4 and identify the true statement.

• A) The supply of DVD rentals has decreased.
• B) The original equilibrium quantity was 57.
• C) The new equilibrium price is $3.
• D) The demand for DVD rentals has decreased.
• E) The new equilibrium quantity is 48.

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Definitions:

PTH

Parathyroid hormone, a regulator of calcium levels in the blood, produced by the parathyroid glands.

Insulin

A pancreatic hormone responsible for managing glucose levels in the blood by aiding its absorption into body tissues.

ADH

Antidiuretic Hormone, a hormone secreted by the pituitary gland that regulates the balance of water in the body by reducing the amount of water excreted in the urine.

Addison Disease

A disorder characterized by insufficient production of cortisol and sometimes aldosterone by the adrenal glands, leading to fatigue, muscle weakness, and other symptoms.