Over the last few years, demand for DVDs has increased, and yet their equilibrium price has fallen.Which of the following best explains this situation?
A) When the price falls, the quantity supplied increases.
B) There has been a shortage of DVDs.
C) The supply of DVDs must have decreased.
D) The demand curve for DVDs slopes upward, so an increase in demand leads to a lower price.
E) The supply of DVDs must have increased more than the demand for DVDs increased.
Correct Answer:
Verified
Q177: Exhibit 4-4 Q178: If the demand for bicycles increases, Q179: A decrease in demand will result in Q180: If the tea harvest is bad in Q181: If supply increases and demand decreases, then Q183: Along a given demand curve, a decrease Q184: If demand increases and supply decreases, quantity Q185: In the market for chewing gum, the Q186: Which of the following would shift the Q187: A new hormone will increase the amount
A)the quantity
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