Over the Last Few Years, Demand for DVDs Has Increased

question 112

Multiple Choice

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

• A)When the price falls, the quantity supplied increases.
• B)There has been a shortage of DVDs.
• C)The supply of DVDs must have decreased.
• D)The demand curve for DVDs slopes upward, so an increase in demand leads to a lower price.
• E)The supply of DVDs must have increased more than the demand for DVDs increased.

Understand the use and functionality of Auto Fill options in Excel.

Comprehend the basics of moving or copying cells with drag and drop techniques.

Learn to properly use cell alignment and positioning to organize data within cells.

Recognize the importance of using cell references in formulas for dynamic data manipulation.

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Definitions:

Indefinite Period

A span of time with no specified end; often used in contexts where durations are uncertain or open-ended.