You notice that the price of Blu-ray players falls and the quantity of Blu-ray players sold increases.This set of observations can be the result of the _____ Blu-ray players shifting to the _____.
A)demand for;right
B)demand for;left
C)supply of;right
D)supply of;left

Question

Quizplus · Accepted Answer

A fall in price typically occurs due to an increase in supply, which indicates a shift in the supply curve to the right. As a result, the quantity demanded will increase, leading to an increase in the number of units of Blu-ray players sold. Thus, a fall in price and an increase in quantity indicate that the supply of Blu-ray players has increased.

You Notice That the Price of Blu-Ray Players Falls and the Quantity