Business

Gunnar Hanna

23 June, 19:01

Consider the market for new dvds. if dvd players became cheaper, buyers expected dvd prices to fall next year, used dvds became more expensive, and dvd production technology improved, then we could safely conclude that the equilibrium price of a new dvd would

a. rise.

b. fall.

c. stay the same.

d. we couldn't be sure what it might do.

+5

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