Business, 20.02.2020 01:55 giovney

In the market for cable television, fewer people are subscribing to cable while the cost of providing cable television has increased. As a result, we can expect a(n):

a. unknown change in the equilibrium price but a decrease in the equilibrium quantity of cable television.

b. unknown change in the equilibrium quantity but a decrease in the equilibrium price of cable television.

c. decrease in the equilibrium price and quantity of cable television.

d. increase in the equilibrium price and quantity of cable television.

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In the market for cable television, fewer people are subscribing to cable while the cost of providin...

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