Use the following to answer questions :
Figure: Four Markets for DVDs
-(Figure: Four Markets for DVDs) Look at the figure Four Markets for DVDs. Which of the graphs shows what may happen if D1 or S1 is the original curve and D2 or S2 is the new curve and if some of the stores that rent DVDs close?
A) A
B) B
C) C
D) D
Correct Answer:
Verified
Q118: If the supply and demand curves intersect
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Figure: Shifts
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Figure: Shifts
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