Recently, the demand for DVD players has increased rapidly, while the demand for radios has hardly budged.

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“Recently, the demand for DVD players has increased rapidly, while the demand for radios has hardly budged. Therefore, the fact that workers are better paid in the DVD player industry is not surprising.” Would you be surprised if the assertion about wages turned out to be correct? Support your position with a graphical analysis.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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