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Consider a market of MP3 players. List one or two events related with this marke

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Question

Question;Consider a market of MP3 players. List one or two events related with this market which will cause the following results.a. an increase in both equilibrium price and quantity of MP3 players.b. an decrease in both equilibrium price and quantity of MP3 players.c. an increase in equilibrium price and a decrease in equilibrium quantity.d. a decrease in equilibrium price and an increase in equilibrium quantity.

 

Paper#56705 | Written in 18-Jul-2015

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