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Other Fields Homework Help Economics Topic started by: Tidy on Jun 20, 2015



Title: Assume there is a shortage in the market for digital music players. Which of the following statement
Post by: Tidy on Jun 20, 2015
Assume there is a shortage in the market for digital music players. Which of the following statements correctly describes this situation?
A) The demand for digital music players is greater than the supply of digital music players.
B) Some consumers will be unable to obtain digital music players at the market price and will have an incentive to offer to buy the product at a higher price.
C) The price of digital music players will rise in response to the shortage; as the price rises the quantity demanded will increase and the quantity supplied will decrease.
D) the shortage will cause an increase in the equilibrium price of digital music players.


Title: Re: Assume there is a shortage in the market for digital music players. Which of the following state
Post by: Smoooth on Aug 11, 2015
Content hidden


Title: Re: Assume there is a shortage in the market for digital music players. Which of the following statement
Post by: Smoooth on Aug 31, 2015
Don't mention it :-]


Title: Re: Assume there is a shortage in the market for digital music players. Which of the following state
Post by: Garyrock on Jun 22, 2016
Why not A?