However, in a market where the equilibrium price is $5 and the price floor is set at $4, there will be no effect on supply because the price floor must be set higher than the market price in order for it to have an effect on inventories.
In 1983, the portable CD player came as a boon for those who liked to listen to their choice of music while on the go.
Best Answer: I saw my first CD player in early 1983. At the time it was really high end thing, and very expensive. I don't think too many people got into them right away because of that. By about 1985, the price had come down, and there were more makes available.