Suppose a change takes place and the new equilibrium is at point A in the above figure. This change could have been caused by
A) an increase in the per-unit tax on DVDs.
B) a decrease in the income of consumers.
C) a reduction in the wages paid to workers in the DVD industry.
D) a reduction in the price of DVD players.
Correct Answer:
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Q386: Which of the following is NOT true
Q387: Q388: A surplus occurs whenever Q389: Suppose that the price of wheat is Q390: Another term for the equilibrium price is Q392: Which of the following is TRUE of
A) price is below
A)
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