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Other Things Being Equal, the Effect of a Decrease in the Price

Question 6

Multiple Choice

Other things being equal, the effect of a decrease in the price of compact discs on the market for compact disc players is a/an:


A) leftward shift in the demand curve for compact disc players.
B) upward movement along the demand curve for compact disc players.
C) rightward shift in the demand curve for compact disc players.
D) downward movement along the demand curve for compact disc players.

Correct Answer:

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