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Answer to Question #328926 in Microeconomics for KayKay

Question #328926

The market for CDs is in equilibrium. Then an increase in the supply of CD players leads to a decrease in the price of CD players and, simultaneously, a technological innovation reduces the cost of manufacturing CDs. The equilibrium price of CDs will


1
Expert's answer
2022-04-18T15:49:55-0400

The equilibrium price of CDs will increase.


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