A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at $24 each. O
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Answer:
The correct answer is option c.
Explanation:
An increase in the supply of compact disc players would cause the supply curve to shift to the right. This rightward shift in the supply curve would cause the price of compact discs to decline.
At lower prices, the consumers are consuming more of compact disc players. The quantity demanded of players has increased.
This is also evident through the given figure.
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