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-Suppose That Initially the Market for DVDs Is at Point

Question 29

Multiple Choice

-Suppose that initially the market for DVDs is at point A on demand curve D<sub>2</sub> in Figure 3-3.If the price of cassette tapes decreased, A) the demand curve will shift to D<sub>3</sub> B) equilibrium will move to point B on demand curve D<sub>1</sub> C) equilibrium will move to point C on demand curve D<sub>1</sub> D) there will be no change from point A E) the demand curve will shift to D<sub>2</sub>
-Suppose that initially the market for DVDs is at point A on demand curve D2 in Figure 3-3.If the price of cassette tapes decreased,


A) the demand curve will shift to D3
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 D2

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