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. If the number of sites streaming movies increases by 10%, which of the following would occur?
A) The price of streaming movies would increase and the price of OLED TVs and movie tickets would decrease.
B) The price of streaming movies and the price of movie tickets would decrease, but the price of OLED TVs would increase.
C) The price of streaming movies and the price of movie tickets would increase, but the price of OLED TVs would decrease.
D) The price of streaming movies would increase, but the price of OLED TVs and movie tickets would be unaffected.
Correct Answer:

Verified
Correct Answer:
Verified
Q271: Refer to the information provided in Figure
Q272: Refer to the information provided in Figure
Q273: Most firms exist to make a profit.
Q274: Refer to the information provided in Figure
Q275: Refer to the information provided in
Q277: Assuming supply is a straight line and
Q278: Refer to the information provided in Figure
Q279: Refer to the information provided in
Q280: Refer to the information provided in Figure
Q281: When the supply of blueberries increases while