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    Macroeconomics Study Set 40
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    Exam 3: Demand and Supply
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    The Price of a DVD Rental Is Currently $1
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The Price of a DVD Rental Is Currently $1

Question 2

Question 2

Multiple Choice

The price of a DVD rental is currently $1.50 and the price of a Blu- ray rental is $2.50. If the price of a DVD rental increases by $0.50, the relative price a Blu- ray rental


A) rises.
B) does not change.
C) falls.
D) might change but more information is needed.

Correct Answer:

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