Assume That the Demand Curve for DVD Players Shifts to the Left

question 132

Multiple Choice

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

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

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Definitions:

Researcher

An individual who conducts systematic investigation to establish facts or principles or to collect information on a subject.

Survey Of Consumer Finances

The Survey of Consumer Finances is a detailed survey conducted by the Federal Reserve to gather information about household finances in the United States, including income, saving, debt, and net worth.

SCF

Statement of Cash Flows, a financial report that details the inflows and outflows of cash for a business over a specified period.

Parameter

A characteristic or constant factor that can be measured and used to describe a system or set the conditions of an experiment.