Question

Consider the market for new dvds. If dvd players became cheaper, buyers expected dvd prices to fall next year, used dvds became more expensive, and dvd production technology improved, then the equilibrium price of a new dvd would.

Answer 1

Then the equilibrium price of a new DVD would

• Could rise, fall, or remain unchanged

In financial matters, monetary harmony is what is going on in which financial powers, for example, organic market are adjusted and without outer impacts the upsides of financial factors won't change.

A balance cost, otherwise called a market-clearing cost, is the customer cost relegated to a few item or administration with the end goal that market interest are equivalent, or near equivalent.

What happens when cost is at balance?

• Harmony is the state wherein market organic market balance one another, and subsequently costs become steady.
• By and large, an over-supply of labor and products aims costs to go down, which brings about more popularity — while an under-supply or lack makes costs go up bringing about less interest.

To learn more about equilibrium price click the links.

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