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Lauren1 Lauren1
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Posts: 4120
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9 years ago
Suppose we observe that both the equilibrium price of film cameras and the equilibrium quantity of film cameras have fallen. Which of the following could be responsible for this?
A) Consumers' preferences changed in favor of digital cameras.
B) Technological advances were made in film camera production.
C) Workers who make cameras received a pay raise.
D) The price of digital cameras increased.
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MrDerecheMrDereche
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#1
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9 years ago
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Lauren1 Author
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#2
9 years ago
Thank you, this really, really helps Heavy Heart
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#3
9 years ago
You're welcome!
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