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Author Question: As the use of DVDs becomes more widespread, we would expect all of the following except one. Which ... (Read 31 times)

erika

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on: Jul 1, 2018
As the use of DVDs becomes more widespread, we would expect all of the following except one. Which is the exception?
 a. The prices of CDs will decrease.
  b. The demand curve for CD players will shift leftward.
  c. The supply curve of CD players will shift rightward.
  d. The demand curve for CDs will shift leftward.
  e. Firms will move their resources away from CD production to DVD production.

Question 2

Which of the following would cause an increase in the supply of wheat?
 a. an increase in fertilizer costs
  b. a decrease in the price of bread
  c. a decrease in the price of corn
  d. an increase in land prices
  e. an expectation that the price of wheat will be higher next period


xoxo123

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


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