Answer:
Option A) Demand for CDs has decreased, causing equilibrium price and quantity to decrease.
is the correct answer.
Explanation:
- File-sharing is a common practice nowadays. It helps us by providing access to different files (audio , video, images, documents) to others in a faster way.
- A wide range of files are shared daily by using different means of file-sharing including computer networks and peer-to-peer networking.
- Formerly, the data was shared using CDs but now this system has been replaced with the advent of internet.
- Usage of CDs is dropped drastically and hence their demand is decreased.
- So now the prices of CDs are not in equilibrium and their quantity is also decreased.
i hope it will help you!
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