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The Below Figure Shows the Demand and Supply of DVD

Question 51

Multiple Choice

The below figure shows the demand and supply of DVD rentals in a city. S1 and D1 are the
original supply and demand curves. The demand curve shifts from D1 to D2.Figure 3.4
The below figure shows the demand and supply of DVD rentals in a city. S<sub>1</sub> and D<sub>1</sub> are the original supply and demand curves. The demand curve shifts from D<sub>1</sub> to D<sub>2</sub>.Figure 3.4    -Refer to Figure 3.4 and identify the true statement. A) The supply of DVD rentals has decreased. B) The original equilibrium quantity was 57. C) The new equilibrium price is $3. D) The demand for DVD rentals has decreased. E) The new equilibrium quantity is 48.
-Refer to Figure 3.4 and identify the true statement.


A) The supply of DVD rentals has decreased.
B) The original equilibrium quantity was 57.
C) The new equilibrium price is $3.
D) The demand for DVD rentals has decreased.
E) The new equilibrium quantity is 48.

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