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

-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.
Correct Answer:
Verified
Q46: The table given below reports the quantity
Q47: The table given below reports the quantity
Q48: In the figure given below, D1 and
Q49: In the figure given below, D1 and
Q50: In the figure given below, D1 and
Q52: The table given below represents the supply
Q53: The table given below represents the supply
Q54: The table given below represents the supply
Q55: The figure given below represents the equilibrium
Q56: The table given below reports the quantity
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