-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 ________.

Question

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At a price of $8, the quantity demanded exceeds the quantity supplied, creating a shortage. This shortage will typically cause the price to rise as consumers compete to purchase the limited supply.

-The Above Table Gives the Demand and Supply Schedules for Blu-Ray