*1 What is the effect on the price of an audiotape and the quantity of audiotapes sold...

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*1 What is the effect on the price of an audiotape and the quantity of audiotapes sold if: a The price of a CD rises? b The price of a Walkman rises? c The supply of CD players increases? d Consumers’ incomes increase? e Workers who make audiotapes get a pay rise? f The price of a Walkman rises at the same time as the workers who make audiotapes get a pay rise?

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Economics

ISBN: 9781509540235

6th Edition

Authors: Michael Parkin, Melanie Powell, Kent Matthews

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