How does the increasing use of MP3 players affect the market for compact discs?
A)The demand curve for compact discs shifts to the right.
B)The supply curve for compact discs shifts to the left.
C)The supply curve for compact discs shifts to the right.
D)The demand curve for compact discs shifts to the left.

Question

Quizplus · Accepted Answer

The increasing use of MP3 players makes compact discs less popular, which in turn reduces the demand for compact discs. As a result, the demand curve for compact discs shifts leftward, indicating a decrease in demand.

How Does the Increasing Use of MP3 Players Affect the Market