Multiple Choice

-The figure above shows the market for digital cameras. The price of film cameras falls. In the new equilibrium, the price of a digital camera will be ________ and the marginal benefit from the last digital camera purchased will be ________.
A) less than $300; less than $300
B) greater than $300; less than $300
C) $300; greater than $300
D) greater than $300; greater than $300
Correct Answer:
Verified
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