Multiple Choice
Linesha, a university student working part-time, receives a wage increase.An avid movie buff, she increased her purchases of Blu-ray discs and reduced her purchases of DVDs.Based on this information,
A) DVDs and Blu-ray discs are substitutes.
B) Blu-ray discs are normal goods and DVDs are inferior goods.
C) DVDs and Blu-ray discs are normal goods.
D) the cross-price elasticity between DVDs and Blu-ray discs is negative.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Price elasticity of supply is used to
Q65: The price elasticity of supply is equal
Q73: What does a demand curve that is
Q74: Figure 4.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 4.1
Q77: There is a limited number of original
Q79: If a firm is in an antitrust
Q80: What factors would make you more sensitive
Q81: If the cross-price elasticity of demand for
Q122: Most food products have low income and
Q285: A demand curve which is _ represents