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.
A: rises.
B: falls.
C: does not change.
D: might change but more information is needed.
举一反三
- The law of supply states that, other things equal, when the price of a good A: A、 falls, the supply of the good rises. B: B、 rises, the quantity supplied of the good rises. C: C、 rises, the supply of the good falls. D: D、 falls, the quantity supplied of the good rises.
- Businesses are more willing to sell a product when the price _____ and less willing to sell it when prices _____. A: rises / rise B: rises / fall C: falls / rise D: falls / rise
- A change in which of the following will not alter the demand curve for rental housing? A: The price of houses. B: Rental prices. C: Incomes of consumers. D: Energy prices. E: Growth in the community.
- If the price of the capital-intensive product rises more than does the price of the land intensive product, then
- The long run income elasticity of demand for movie theater tickets is 3.42. That means that the proportional change in price will exceed the proportional change in quantity.