An increase in both the equilibrium price and the equilibrium quantity of DVD players is best explained by:
a decrease in the demand for DVD players.
an increase in the demand for DVD players.
a decrease in the supply of DVD players.
an increase in the supply of DVD players.
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Answered by
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I think the answer is 1
Answered by
1
Its (b) an increase in the demand for DVD players.
Explaination.
Because when demand of a goods and services increase the firm will think to gain more profit through increasing quantity of the product.
Hope its helpfull.
Explaination.
Because when demand of a goods and services increase the firm will think to gain more profit through increasing quantity of the product.
Hope its helpfull.
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