Multiple Choice
The price of compact disc players fell over the past decade because a combination of improving technology, rising incomes, and falling prices of compact discs caused the
A) demand curve for compact disc players to shift leftward and the supply curve of compact disc players to shift leftward.
B) supply curve of compact disc players to shift rightward and the demand curve for compact disc players to shift leftward.
C) demand curve for compact disc players to shift rightward faster than the supply curve of compact disc players shifted rightward.
D) supply curve of compact disc players to shift rightward faster than the demand curve for compact disc players shifted rightward.
Correct Answer:
Verified
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