Over the Last Few Years,demand for DVDs Has Increased,but Their

question 27

Multiple Choice

Over the last few years,demand for DVDs has increased,but their equilibrium price has fallen.Which of the following,if true,best explains this situation?

• A)The quantity supplied of DVDs has decreased during this period.
• B)There has been a shortage of DVDs during this period.
• C)The supply of DVDs decreased more than the increase in demand for DVDs.
• D)The demand for DVDs has increased more than the decrease in supply of DVDs.
• E)The supply of DVDs increased more than the increase in demand for DVDs.

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