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-Suppose That the Market for DVDs Is Initially at Point

Question 69

Multiple Choice

  -Suppose that the market for DVDs is initially at point A on demand curve D<sub>2</sub> in Figure 3-7.If there is a decrease in the price of DVDs, A)  the demand curve will shift to D<sub>2</sub> B)  equilibrium will move to point B on demand curve D<sub>1</sub> C)  equilibrium will move to point C on demand curve D<sub>1</sub> D)  there will be no change from point A E)  the demand curve will shift to D<sub>3</sub>
-Suppose that the market for DVDs is initially at point A on demand curve D2 in Figure 3-7.If there is a decrease in the price of DVDs,


A) the demand curve will shift to D2
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 D3

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