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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?
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