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Monopoly - The city council is the only mandated entity with the powers of implementing laws including through the use of violence, as prescribed by the local and state legislatures. However, the council has the discretionary privilege when it comes to dealing with different situations on the ground. The city council is also responsible for setting taxes paid for its services.
They are classified by gauge, 20,28,12,10
Answer:
The correct answer is the option D: the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
Explanation:
First of all, the supply and demand curves are the graphical representation of the price and the quantity demanded and supplied respectively in each case. Moreover, in the graphic when both curves are in equilibrim that means that there is a single point in where the price and the quantity are established together for the market. Furthermore, when there is a shift of any curve that point will be changed so when there is a shift in the demand curve to the right the price will increase and the quantity will increase but if there is a shift in the supply change to the left and that shift is greater then the price will increase but the quantity will decrease.
