Since their introduction, prices of Blu-ray players have fallen and the quantity purchased has increased. This statement:
A. suggests that the supply of Blu-ray players has increased.
B. suggests that the demand for Blu-ray players has increased.
C. constitutes an exception to the law of demand in that they suggest an upward-sloping
demand curve.
D. constitutes an exception to the law of supply in that they suggest a downward-sloping
supply curve.
Answer: A
Economics
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Using the data in the above table, and assuming constant opportunity costs, it is likely that
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