Multiple Choice
The price of a DVD rental is $2.50 and the price of a downloaded movie is $1.00. If the price of a DVD rental falls by $0.50, the relative price a downloaded movie
A) rises.
B) falls.
C) does not change.
D) might change but more information is needed.
Correct Answer:

Verified
Correct Answer:
Verified
Q279: Which of the following statements is TRUE?<br>A)
Q280: The equilibrium price will rise and the
Q281: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q282: The quantity supplied of a good is<br>A)
Q283: The price of cereal rises. As a
Q285: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q286: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q287: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q288: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q289: The statement that "demand increases" means that