Multiple Choice
Figure 3-5 
-Suppose a change takes place and as a result the new equilibrium is at A in Figure 3-5.This change could have been caused by
A) a reduction in the wages paid to workers in the CD industry.
B) a decrease in the income of consumers.
C) an increase in the wages paid to workers in the CD industry.
D) a reduction in the price of CD players.
Correct Answer:
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