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

question 155

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 more 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.

---

Definitions:

Illegitimate Practices

Activities or behaviors that are unethical, illegal, or not sanctioned by legitimate authority within a given context.

Illegal

Refers to actions or activities that violate the law or legal norms.

Immoral

Behaviors or actions that are considered wrong or unethical according to societal or cultural norms.

Core Value

Fundamental beliefs or principles that are central to an individual's or organization's identity and guide their behavior.