The Initial Equilibrium Price in the Market for Web Pages

question 57

Multiple Choice

The initial equilibrium price in the market for Web pages is $200 per page and 1000 Web pages are created in a month.Many new Web design firms now enter the market.As a result,

• A) the supply of Web pages increases and the price falls.
• B) the supply curve of Web pages shifts leftward and the price falls.
• C) the demand for Web pages increases and the price rises.
• D) the supply of web pages increase and the price falls, which then increases the demand for Web pages and the demand curve shifts rightward.
• E) the demand for Web pages increases and the price falls.

---

Definitions:

Show Business

The industry and activities related to entertainment, including film, theater, music, and live performances.

Movies

A form of entertainment that involves watching films, typically displayed in theaters or on television.

Leisure Time

Free time available for hobbies and other activities that are not work or essential duties, often associated with relaxation and enjoyment.

American Society

The aggregate of people living in the United States, characterized by diverse cultures, practices, and social norms.