Multiple Choice
Networks increase the price they charge cable television firms for programming.As a result, the price of cable television rises.Choose the correct statement.
A) The demand curve for cable television shifts leftward.
B) A movement occurs up along the demand curve for cable television and the quantity demanded increases.
C) The price of cable television does not change because subscribers are already paying a high enough price.
D) A movement occurs up along the demand curve for cable television and the quantity demanded decreases.
E) The demand curve for cable television shifts rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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