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-The Figure Above Shows the Market for Digital Cameras

Question 11

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
-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

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