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Changes in Demand Scenario: The following schedule shows a change in demand based on the price of a related product. The demand increased for CDs

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Changes in Demand Scenario: The following schedule shows a change in demand based on the price of a related product. The demand increased for CDs because the price of CD players dropped. Price Per Quantity Quantity Quantit Shortage Compac Demande Demande y or t Disc d (CD d Supplied Surplus Players (CD (QS - $75) Players new QD) $50) $6 0 4 9 9 5 2 6 6 4 4 3 7 5 2 W 4 8 4 2 6 11 3 -3 9 13 -9

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