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Alexus [3.1K]
3 years ago
8

Suppose that consumers would like to purchase 10 million dvds but only 5 million are available. in order for the market to coord

inate the demand and supply for dvds, the price of dvds will have to:
Business
1 answer:
slavikrds [6]3 years ago
5 0

Answer: in the given hypothetical statement above in order for the market to coordinate the demand and supply for dvds, the price of dvds will have to increase. When the price of dvds increase the supply will increase too, because the suppliers will now have a greater profit margin than before. On the other hand, the demand will decrease because of the higher prices and in this way the demand and supply curves will reach an equilibrium.

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The correct answer is letter "A": Commodity goods.

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A differentiation strategy is an approach adopted by companies to make the goods or services they offered unique compared to their competitors. Most firms tend to use price as the main key to the difference between their products and the competitors'.

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