Suppose that the supply of cameras increases due to an increase in imports. Which of the following statements will most likely occur?
A. The equilibrium price of cameras will increase.
B. The equilibrium quantity of cameras exchanged will decrease.
C. The equilibrium price of camera film will decrease.
D. The equilibrium quantity of camera film exchanged will increase.
Answer:D
Suppose that the supply of cameras increases due to an increase in imports. Which of the following statements will most likely occur?
A. The equilibrium price of cameras will increase. B. The equilibrium quantity of cameras exchanged will decrease. C. The equilibrium price of camera film will decrease. D. The equilibrium quantity of camera film exchanged will increase.