Holding Everything Else Constant, an Increase in the Price of MP3

question 206

Multiple Choice

Holding everything else constant, an increase in the price of MP3 players will result in

• A)a decrease in the quantity of MP3 players supplied.
• B)a decrease in the demand for MP3 players.
• C)an increase in the supply of MP3 players.
• D)a decrease in the quantity of MP3 players demanded.

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Definitions:

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