Use the following graph to answer the following question. Look at the figure Four Markets for...
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Use the following graph to answer the following question. Look at the figure Four Markets for DVDs. Which of the graphs illustrates what may happen in the market for DVDs if D₁ or S₁ is the original curve and D₂ or S₂ is the new curve and if the cost of producing DVDs falls? Rental price of DVD $10 8 6 4 2 Rental price of DVD $10 8 6 O OD OB 4 2 A S₁ D₁ 0 40 20 60 50 100 Quantity of DVDs (per weekend) C D₁ 0 20 40 60 80 100 Quantity of DVDs (per weekend) D₂ Rental price of DVD $10 6 6 4 2 D 20 40 60 80 100 Quantity of DVDs (per weekend) Rental price of DVD $10 B B 6 4 2 D S2 0 20 40 60 80 100 Quantity of DVDs (per weekend) Look at the figure Four Markets for DVDs. Which of the graphs illustrates what may happen in the market for DVDs if D₁ or S₁ is the original curve and D₂ or S₂ is the new curve and if consumer incomes fall and they do not buy DVDs any longer? OC OB OA D Use the following graph to answer the following question. Look at the figure Four Markets for DVDs. Which of the graphs illustrates what may happen in the market for DVDs if D₁ or S₁ is the original curve and D₂ or S₂ is the new curve and if the cost of producing DVDs falls? Rental price of DVD $10 8 6 4 2 Rental price of DVD $10 8 6 O OD OB 4 2 A S₁ D₁ 0 40 20 60 50 100 Quantity of DVDs (per weekend) C D₁ 0 20 40 60 80 100 Quantity of DVDs (per weekend) D₂ Rental price of DVD $10 6 6 4 2 D 20 40 60 80 100 Quantity of DVDs (per weekend) Rental price of DVD $10 B B 6 4 2 D S2 0 20 40 60 80 100 Quantity of DVDs (per weekend) Look at the figure Four Markets for DVDs. Which of the graphs illustrates what may happen in the market for DVDs if D₁ or S₁ is the original curve and D₂ or S₂ is the new curve and if consumer incomes fall and they do not buy DVDs any longer? OC OB OA D
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