I don\'t have strong confidence in thisquestion, so I need your help. Please hel

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I don't have strong confidence in thisquestion, so I need your help. Please help... Thank you!!


DVDs and DVD players are complements. An increase in the price ofDVD players would cause which of the following in the market forDVDs?

a. The equilibrium price of DVDs would increase and the equilibriumquantity would decrease.
b. The equilibrium price of DVDs would decrease and the equilibriumquantity would increase.
c. The equilibrium price and quantity of DVDs would increase.
d. The equilibrium price and quantity of DVDs woulddecrease.

I don't have strong confidence in thisquestion, so I need your help. Please help... Thank you!!


DVDs and DVD players are complements. An increase in the price ofDVD players would cause which of the following in the market forDVDs?

a. The equilibrium price of DVDs would increase and the equilibriumquantity would decrease.
b. The equilibrium price of DVDs would decrease and the equilibriumquantity would increase.
c. The equilibrium price and quantity of DVDs would increase.
d. The equilibrium price and quantity of DVDs woulddecrease.

Explanation / Answer

When two goods are complementary, and there is a change in price toincrease, it causes both demand curves to end up shifting left(downward). A reduction in price and a reduction inquantity. Answer D.

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