Multiple Choice
A drop in the price of a DVD shifts the demand curve for prerecorded video tapes leftward. From that you know DVDs and prerecorded tapes are
A) inferior goods.
B) complements.
C) substitutes.
D) normal goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q155: Which of the following decreases the supply
Q156: The equilibrium price is the price at
Q157: What is the effect on the price
Q159: To say that "supply increases" for any
Q161: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -Using the above
Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -In the figure
Q163: If both demand and supply increase, what
Q165: A rise in the price of a
Q343: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q421: Soft drinks and milk are substitutes for