Worksheet 5.4: Market Shift in Demand

Worksheet 5.4: Market Shift in Demand
Refer to the chart you have drawn and answer the following questions: 1. When CDs sell for $18, compare the quantity demanded for CDs at demand levels D1 and D2. In D1, the demand was lower than the demand for CDs sold for $18 in D2. Goes from 300 to 375. 2.Explain why more customers are now willing to purchase CDs for the same price.

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