-The above table gives the demand and supply schedules for Blu-ray discs. If the price of a Blu-ray disc is $8, there is a ___________and the price of a compact disc will____________ .
A) shortage; fall
B) surplus; fall
C) shortage; rise
D) surplus; rise
Correct Answer:
Verified
Q249: The price of a good will fall
Q250: If there exists a shortage in the
Q251: When there is a surplus in the
Q252: If the price is above the equilibrium
Q253: A surplus occurs when the price is
A)
Q255: Suppose the equilibrium price for soft drinks
Q256: If the quantity demanded exceeds the quantity
Q257: When the price of a good is
A)
Q258: Q259:
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