Author Question: What can explain the fact that DVD players decreased in price during the 1990s even as more DVD ... (Read 118 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
What can explain the fact that DVD players decreased in price during the 1990s even as more DVD players were being sold?
 
  A) The demand for DVDs was declining.
  B) The supply of DVD players was decreasing.
  C) The supply of DVD players was increasing more than the demand for DVD players.
  D) The demand for DVD players was increasing more than the supply of DVD players.

Question 2

If oranges were found to cure cancer,
 
  A) the equilibrium price of apples would likely fall.
  B) the equilibrium price of oranges would likely increase in the near term.
  C) the equilibrium quantity of oranges would likely increase.
  D) All of the above.


alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

For a complete list of videos, visit our video library