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Assume that both the demand curve and the supply curve for MP3 players shift to the right but the de

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Assume that both the demand curve and the supply curve for MP3 players shift to the right but the de

Assume that both the demand curve and the supply curve for MP3 players shift to the right but the demand curve shifts more than the supply curve. As a result
A) both the equilibrium price and quantity of MP3 players will increase.
B) the equilibrium price of MP3 players will increase; the equilibrium quantity may increase or decrease.
C) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will increase.
D) the equilibrium price of MP3 players will decrease; the equilibrium quantity may increase or decrease.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 400 times

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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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Smoooth

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9 years ago

No problemo Happy Dummy

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