If the Demand for CD Players Decreases and the Supply

question 126

Multiple Choice

If the demand for CD players decreases and the supply of CD players decreases, then

• A)it is clear that prices will decrease, the change in the quantity of CD players sold is ambiguous.
• B)it is clear that prices will increase, the change in the quantity of CD players sold is ambiguous.
• C)it is clear that quantity sold will decrease, the change in the price of CD players is ambiguous.
• D)it is clear that change in quantity sold is ambiguous, the change in the price of CD players is ambiguous.