Assume That the Demand Curve for MP3 Players Shifts to the Right

question 178

Multiple Choice

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shifts to the left,but the supply curve shifts more than the demand curve.As a result,

• A) both the equilibrium price and quantity of MP3 players will decrease.
• B) the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
• C) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

---

Definitions:

Court Order

A directive issued by a judge or court that requires a party to do or refrain from doing specific acts.

Wrongfully Attached

A legal term referring to property or assets that have been improperly seized or subjected to a lien due to incorrect legal judgments or clerical errors.

Actual Damages

Compensation awarded to a plaintiff in a lawsuit for the direct and quantifiable losses suffered, such as medical expenses or lost earnings.

Writ Of Execution

is a court order that authorizes the seizure of assets from a debtor to satisfy a judgment.