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Economics

In the 1990's, helped by desktop publishing software that proliferated during that time, the number of vintage baseball card forgeries flooded the market for vintage baseball cards. Dealers left the market for fear of purchasing a phony. What was the effect on the market for vintage baseball cards, assuming both real and phony vintage cards are included?

A. Demand shifted to the left, supply did not change, price declined, and quantity rose.

B. Supply shifted to the right, demand did not change, price declined, and quantity rose.

C. Supply shifted to the right, demand shifted to the left, and price rose.

D. Supply shifted to the right, demand shifted to the left, and price declined.

Please explain.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91706309

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