Question

Mildred and Robert are the only buyers in the market for DVDs. Mildred buys 5 DVDs when the price of a DVD is ​$6.00 ​, 4 DVDs when the price of a DVD is ​$8.00 ​, and 2 DVDs a month when the price of a DVD is ​$10.00 . Robert buys 18 DVDs a month when the price of a DVD is ​$6.00 ​, 9 DVDs when the price of a DVD is ​$8.00 ​, and zero DVDs when the price of a DVD is ​$10.00 . In the market for​ DVDs, what do we know about the quantity​ demanded?

Answer 1

Answer:

increases as the price falls

Explanation:

A. increases as the price rises

B .at $8.00 a DVD is 8 DVDs a month

C. at $6 a DVD is less than the quantity demanded at $8.00 a DVD

D. increases as the price falls

E .at $6.00 a DVD is 4 DVDs a month

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

As price decreases, quantity demanded increases