Figure below shows the market demand schedule for compact disks. If the price per disk falls from $12 to $10, the
Understand the Problem
The question is asking about the effect on the quantity demanded if the price of compact disks decreases from $12 to $10, based on the provided demand schedule.
Answer
Quantity demanded will increase by 2.1 million disks.
The quantity demanded will increase by 2.1 million disks.
Answer for screen readers
The quantity demanded will increase by 2.1 million disks.
More Information
When the price of a good falls, consumers generally demand more, illustrating the law of demand.
Tips
A common mistake is confusing a change in demand with a change in quantity demanded. The curve does not shift; the movement is along the curve.
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