Question: Heres what we know about last years weekly demand for 2-night DVD rentals in the Village of Harmony: When P = $3, Qd = 100;

Here’s what we know about last year’s weekly demand for 2-night DVD rentals in the Village of Harmony: When P = $3, Qd = 100; at P = $5, Qd = 75; and when P = $7, Qd = 50. This year the village population has increased by 25%.

What impact is this most likely to have?

A) Each individual’s demand for DVD rentals will increase.
B) Each individual’s demand curve for DVD rentals will shift to the left.
C) The market demand curve for DVD rentals shifts left.
D) The market demand for DVD rentals increases.

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