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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 23
Movie tickets and DVDs are substitutes. If the price of DVDs increases, what happens in the market for movie tickets?
A) The supply curve shifts to the left.
B) The supply curve shifts to the right.
C) The demand curve shifts to the left.
D) The demand curve shifts to the right.
A) The supply curve shifts to the left.
B) The supply curve shifts to the right.
C) The demand curve shifts to the left.
D) The demand curve shifts to the right.
Explanation
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Substitute goods are those goods that ca...
Essentials of Economics 7th Edition by Gregory Mankiw
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