Use the following to answer question:
-(Figure: The Blu-ray Disc Rental Market) Use Figure: The Blu-ray Disc Rental Market.If the rental price of Blu-ray discs rises from $5 to $7:
A) demand will decrease from 50 to 30 rentals per weekend.
B) the quantity demanded will decrease from 50 to 30 rentals per weekend.
C) supply will increase from 50 to 70 rentals per weekend.
D) the quantity supplied will increase from 50 to 60 rentals per weekend.
Correct Answer:
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