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Suppose the Price of Compact Disks (CDs) Increases, Other Things

Question 148

Multiple Choice

Suppose the price of compact disks (CDs) increases, other things equal. Which of these is most likely to occur in the market for DVDs, a substitute?


A) a decrease in the demand for DVDs
B) an increase in the demand for DVDs
C) an increase in the quantity of DVDs demanded
D) a decrease in the quantity of DVDs demanded
E) a decrease in the quantity of DVDs supplied

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