Multiple Choice
If the price of a movie download falls, the rental rate of DVDs ________ and the equilibrium quantity of DVDs rented ________.
A) rises; decreases
B) falls; decreases
C) rises; increases
D) falls; increases
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q110: Each point on a supply curve represents<br>A)
Q123: There is a technological advance in the
Q124: If good growing conditions increase the supply
Q125: Scarcity guarantees that<br>A)demands will be equal to
Q126: A bakery can produce either cakes or
Q127: Twenty years ago a stove cost $300
Q130: When a market is in equilibrium,<br>A)the supply
Q131: Each point on the demand curve reflects<br>A)the
Q133: When supply decreases and demand does not
Q345: Which of the following shifts the demand