Asked by Jacob Cadavid on May 19, 2024
Verified
You notice that the price of Blu-ray players falls and the quantity of Blu-ray players sold increases.You suspect that _____ Blu-ray players shifts to the _____.
A) demand for;right.
B) demand for;left.
C) supply of;right.
D) supply of;left.
Blu-ray Players
Electronic devices that play Blu-ray discs, which are used for storing and viewing high-definition video and digital data.
Supply
The total amount of a good or service available for purchase at any given price.
Demand
In economics, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.
- Acknowledge the effects of input cost adjustments on equilibrium in the market.
Verified Answer
MK
Michale KissickMay 24, 2024
Final Answer :
C
Explanation :
When the price of Blu-ray players falls and the quantity sold increases, it suggests that the supply of Blu-ray players has increased, shifting the supply curve to the right. This is because suppliers are willing and able to offer more Blu-ray players at each price level.
Learning Objectives
- Acknowledge the effects of input cost adjustments on equilibrium in the market.