DVD players have become more abundant, and cheaper, over the past few years. Explain the decline in DVD player prices
A) DVD manufacturers have become less interested in trying to maximize their profits.
B) The demand curve for DVDs has shifted to the left.
C) The supply curve for DVDs has shifted to the right.
D) The supply curve for DVDs has shifted to the left.
C
Economics
You might also like to view...
When the percentage change in the quantity supplied is twice the percentage change in price, then supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic. E) perfectly elastic.
Economics
The demand schedule or curve confronted by the individual, purely competitive firm is:
A. relatively elastic, that is, the elasticity coefficient is greater than unity. B. perfectly elastic. C. relatively inelastic, that is, the elasticity coefficient is less than unity. D. perfectly inelastic.
Economics