A decrease in the price of DVD players will cause Select one: O a. a leftward shift in the demand curve for videocassette tape players. O b. an increase in demand for videocassette tapes. O c. a...

Extracted text: A decrease in the price of DVD players will cause Select one: O a. a leftward shift in the demand curve for videocassette tape players. O b. an increase in demand for videocassette tapes. O c. a rightward shift in the demand curve for DVDS. Od. an increase in demand for DVD players. O e. both A and C are correct.


Extracted text: Suppose the government has imposed a price floor on cellular phones. Which of the following events could transform the price floor from one that is binding to one that is not binding? Select one: O a. Cellular phones become less popular. O b. Firms expect the price of cellular phones to fall in the future. O c. The components used to produce cellular phones become less expensive. O d. Traditional land line phones become more expensive.