videotape Rentals Price (a) Price Quantity per period Price (c) Price Quantity per period (b) Quantity per period Quantity per period ” src=”https://files.transtutors.com/cdn/questions/transtutors006/images/transtutors006_70dad03e-4d53-4142-add6-5572c1e55fb7.png”>
In this exhibit (The Supply of Videotape Rentals), a decrease in
the number of rental stores supplying videotape rentals would
result in a change illustrated by:
a. the move from n to o in Figure (a).
b. the move from p to q in Figure (b).
c. the move from s to t in Figure (c).
d. the move from u to v in Figure (d).
In this exhibit (Simultaneous Shifts in Demand and Supply),
D1 and S1 are original supply and demand
curves, and S2 and D2 are new curves. In this
market, the change in supply may have resulted from:
a. wage increases for the workers.
b. an improvement in technology.
c. a decrease in the number of sellers.
d. all of the above.
Exhibit: The Supply of videotape Rentals Price (a) Price Quantity per period Price (c) Price Quantity per period (b) Quantity per period Quantity per period