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26) Which of the following would cause the equilibrium price of ketchup to increase and the equilibrium quantity of ketchup to decrease? A) a decrease in the price of tomatoes B) an increase in the price of tomatoes C) an increase in the price of mustard, a substitute for ketchup D) an increase in the price of French fries, a complement for ketchup Figure 3-7 Panel (a) Panel (b) Price 51 Sa Price S. D1 Quantity Quantity Panel (c) Panel (d) Price Price S. D. D. Do D. Quantity Quantity 29) Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for blu- ray discs. Which panel best describes what happens in this market if there is a substantial increase in the price of blu-ray players? A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)30) Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for laptop computers. Which panel best describes what happens in this market when the price of computer hard\f31) Assume that both the demand curve and the supply curve for DVD players shift to the left but the supply curve shits more than the demand curve. As a result, A) both the equilibrium price and quantity of DVD players will decrease. B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease. C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase. D) the equilibrium price of DVD players will increase; the equilibrium quantity will decrease. 32) Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right, but the supply curve shifts more than the demand curve. As a result; A) both the equilibrium price and quantity of DVD players will decrease. B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease. C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase. D) the equilibrium price of DVD players will decrease; the equilibrium quantity will increase