Refer to the figure above. When the supply curve of flash drives is S2 and the demand curve of flash drives is D, what is the surplus in the market when the price is 7?
A) 0 units
B) 10 units
C) 20 units
D) 40 units
Question 2
Students can rent a Blu-ray movie at Campus Video for 4. As the price of Blu-ray players fall, the
A) quantity supplied of Blu-ray movies will decrease.
B) demand for Blu-ray movies will increase.
C) supply of Blu-ray movies will decrease.
D) quantity demanded of Blu-ray movies will increase.
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
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