Multiple Choice
Online music streaming services, such as Spotify, have decimated the market for CDs. Based on this information, you can conclude that streaming services:
A) and CDs are complementary goods.
B) and CDs are substitutes.
C) has a higher income elasticity than CDs.
D) has a higher price elasticity than CDs.
Correct Answer:
Verified
Correct Answer:
Verified
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