Multiple Choice
Refer to Scenario 3.1 below to answer the question(s) that follow.
SCENARIO 3.1
-Streaming movies and movies shown in theaters are substitutes.
-Streaming movies and OLED TVs are complements.
-OLED TVs and movies shown in theaters are normal goods.
-People watch streaming movies more often in the winter than in the summer.
-Refer to Scenario 3.1. You observe that the price of streaming movies is higher in the winter than in the summer. This would be explained by the fact that
A) demand for streaming movies is higher in the winter than in the summer.
B) the quantity demanded of streaming movies is higher in the winter than in the summer.
C) there are more streaming movies released in the winter than in the summer.
D) consumer income tends to fall in the winter and increase in the summer.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Refer to the information provided in Figure
Q33: Refer to the information provided in Figure
Q34: Related to the Economics in Practice on
Q35: Refer to the information provided in Figure
Q36: Refer to the information provided in Figure
Q38: Refer to Scenario 3.1 below to answer
Q39: Refer to the information provided in Figure
Q40: Capital, labor, and land are<br>A) factors of
Q41: Suppose the demand for books goes down
Q42: When the decrease in the price of