Question 2 (10 points) Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards? The costs of producing a single Blue-ray player increases. The number of firms selling Blue-ray players increases. The sellers are expecting the price of Blue-ray players to decline in the soon future Non of the above factors causes the market supply curve of Blue-ray players to shift leftwards. Question 3 (10 points) When other things remain unchanged, what can be expected if Blue-ray movies become significantly cheaper? Consumers will demand more Blue-ray movies. Consumers will demand more Blue-ray players. Consumers will demand less DVD players (where Blue-ray players and DVD players are considered substitutes). All of the above are expected to occur when Blue-ray movies become significantly cheaper