Consider the market for iPods.What happens if a fantastic new alternative MP₃ player is developed and at the same time a boat carrying a large shipment of iPods is attacked by pirates and sunk?
A.Price decreases and quantity increases.
B.Price increases and quantity increases.
C.The change in price is indeterminate and quantity decreases.
D.Price increases and the change in quantity is indeterminate.

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The Answer of Consider the market for iPods.What happens if a fantastic new alternative MP₃ player is developed and at the same time a boat carrying a large shipment of iPods is attacked by pirates and sunk?
A.Price decreases and quantity increases.
B.Price increases and quantity increases.
C.The change in price is indeterminate and quantity decreases.
D.Price increases and the change in quantity is indeterminate.

Consider the Market for IPods