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Question regarding the price of vcr

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Reference no: EM131043246

A local businessman points out that, as the price of VCR has fallen, sales have increased tremendously. The businessman cites this example as proof that the law of supply does not hold. Which of the following explanations best solves the paradox cited by the businessman?

A) Demand was decreasing during the period in question.

B) Demand was stable during the period in question.

C) Supply was stable during the period in question.

D) Supply was increasing during the period in question.

Reference no: EM131043246

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