Assume That Both the Demand Curve and the Supply Curve

question 194

Multiple Choice

Assume that both the demand curve and the supply curve for DVD players shift to the left but the demand curve shifts more than the supply 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 decrease.
• D)the equilibrium price of DVD players will increase; the equilibrium quantity may increase or decrease.

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Definitions:

Class Exception

In programming, it refers to a template for creating objects designed to handle errors and other exceptional situations uniquely.

Constructors

Special methods in a class that are called when a new object instance is created, used to initialize the object.

StringIndexOutOfBoundsException

An exception in Java that is thrown to indicate that an index is either negative or greater than the size of the string.

ParseInt

A method in Java that converts a string into an integer value, throwing an exception if the string cannot be converted.