Answer to Question #328926 in Microeconomics for KayKay

Question #328926

The market for CDs is in equilibrium. Then an increase in the supply of CD players leads to a decrease in the price of CD players and, simultaneously, a technological innovation reduces the cost of manufacturing CDs. The equilibrium price of CDs will

Expert's answer

The equilibrium price of CDs will increase.

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…