The table given below represents the supply schedules of the only three DVD producers in the market for DVDs.Table 3.2

-According to Table 3.2, if the supply schedules 1, 2, and 3 are the market supply schedules for DVDs in three different time periods, what could explain the change from the Supply 1 schedule to the Supply 2 schedule?
A)A decrease in the price of DVDs
B)A decrease in the cost of DVD players
C)A change in consumer preferences
D)A change in the average income of consumers
E)An increase in the cost of producing DVDs

Question

The table given below represents the supply schedules of the only three DVD producers in the market for DVDs.Table 3.2
 
-According to Table 3.2, if the supply schedules 1, 2, and 3 are the market supply schedules for DVDs in three different time periods, what could explain the change from the Supply 1 schedule to the Supply 2 schedule?
A)A decrease in the price of DVDs 
B)A decrease in the cost of DVD players 
C)A change in consumer preferences 
D)A change in the average income of consumers 
E)An increase in the cost of producing DVDs

Quizplus · Accepted Answer

The change from Supply 1 to Supply 2 involves a decrease in the quantity supplied at each price level, indicating a decrease in supply. This decrease in supply could be due to an increase in the cost of producing DVDs, as producers would be less willing to produce DVDs at the same price levels as before.

The Table Given Below Represents the Supply Schedules of the Only