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Lauren1 Lauren1
wrote...
Posts: 4120
10 years ago
Suppose we observe that both the equilibrium price of digital cameras and the equilibrium quantity of digital cameras have increased. Which of the following events could be responsible for this?
A) technological advances in digital camera production
B) consumers' preferences changed in favor of digital cameras
C) the price of film cameras fell
D) workers who make digital cameras received a pay raise
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
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Posts: 4097
10 years ago
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Lauren1 Author
wrote...
10 years ago
Thank you, this really, really helps Heavy Heart
wrote...
10 years ago
You're welcome!
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