Multiple Choice
The number of movie-goers has decreased. One explanation is that
A) the prices of substitutes have fallen.
B) the prices of complementary products like popcorn have fallen.
C) people have higher incomes and movies are a normal good.
D) people expect the price of movies will rise in the future.
E) people have lower incomes and movies are an inferior good.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: The demand for gasoline has increased. One
Q27: Which could not cause an increase in
Q28: Because drivers expect the price on Saturdays
Q29: By raising the price of water, the
Q30: Your demand for tickets to the Lady
Q32: Demand is a much more limited term
Q33: Substitutes must<br>A) have the same price.<br>B) satisfy
Q34: Products and services that are plentiful and
Q35: Total growth (in height) is best described
Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1013/.jpg" alt=" Figure 2.3.1.