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Suppose a Change Takes Place and the New Equilibrium Is

Question 12

Multiple Choice

Suppose a change takes place and the new equilibrium is at point A in the above figure. This change could have been caused by


A) an increase in the per-unit tax on DVDs.
B) a decrease in the income of consumers.
C) a reduction in the wages paid to workers in the DVD industry.
D) a reduction in the price of DVD players.

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