-Suppose that initially the market for DVDs is at point A on demand curve D₂ in Figure 3-3.If the price of cassette tapes decreased,
A) the demand curve will shift to D₃
B) equilibrium will move to point B on demand curve D₁
C) equilibrium will move to point C on demand curve D₁
D) there will be no change from point A
E) the demand curve will shift to D₂

Question

-Suppose that initially the market for DVDs is at point A on demand curve D₂ in Figure 3-3.If the price of cassette tapes decreased,
A) the demand curve will shift to D₃ 
B) equilibrium will move to point B on demand curve D₁ 
C) equilibrium will move to point C on demand curve D₁ 
D) there will be no change from point A 
E) the demand curve will shift to D₂

Quizplus · Accepted Answer

The Answer of 
-Suppose that initially the market for DVDs is at point A on demand curve D₂ in Figure 3-3.If the price of cassette tapes decreased,
A) the demand curve will shift to D₃ 
B) equilibrium will move to point B on demand curve D₁ 
C) equilibrium will move to point C on demand curve D₁ 
D) there will be no change from point A 
E) the demand curve will shift to D₂

-Suppose That Initially the Market for DVDs Is at Point