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Social Studies, 30.09.2019 19:30 Ivonne728
Music compact discs (cds) are normal goods. what will happen to the equilibrium price and quantity of music compact discs if musicians accept lower royalties, compact disc players become cheaper, more firms start producing music compact discs, and music lovers experience an increase in income? price will fall, and the effect on quantity is ambiguous. price will rise, and the effect on quantity is ambiguous. quantity will fall, and the effect on price is ambiguous. quantity will rise, and the effect on price is ambiguous.
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Music compact discs (cds) are normal goods. what will happen to the equilibrium price and quantity o...
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