Figure 3-7

-Suppose that the market for DVDs is initially at point A on demand curve D₂ in Figure 3-7.If there is a decrease in the price of DVDs,
A) the demand curve will shift to D₂
B) equilibrium will move to point B on demand curve D₁
C) equilibrium will move to point C on demand curve D₁
D) there will be no change from point A
E) the demand curve will shift to D₃

Question

Figure 3-7
 
-Suppose that the market for DVDs is initially at point A on demand curve D₂ in Figure 3-7.If there is a decrease in the price of DVDs,
A) the demand curve will shift to D₂ 
B) equilibrium will move to point B on demand curve D₁ 
C) equilibrium will move to point C on demand curve D₁ 
D) there will be no change from point A 
E) the demand curve will shift to D₃

Quizplus · Accepted Answer

The Answer of Figure 3-7
 
-Suppose that the market for DVDs is initially at point A on demand curve D₂ in Figure 3-7.If there is a decrease in the price of DVDs,
A) the demand curve will shift to D₂ 
B) equilibrium will move to point B on demand curve D₁ 
C) equilibrium will move to point C on demand curve D₁ 
D) there will be no change from point A 
E) the demand curve will shift to D₃

Figure 3-7 -Suppose That the Market for DVDs Is Initially at Point