Which of the following results in a movement upward along the demand curve for movies?
A) a decrease in the price of movie tickets
B) a decrease in income, assuming that movies are a normal good
C) a decrease in the price of NetFlix, a substitute for movies
D) an increase in the price of movie tickets
E) an increase in income, assuming that movies are a normal good
D
You might also like to view...
Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2008 and 2011.
A) 23.1%
B) 23.8%
C) 30%
D) 42.9%
What brought about the end of the Bretton Woods Agreement?
What will be an ideal response?
To keep the U.S. dollar from depreciating against the euro, the U.S. Federal Reserve must:
a. buy euros and sell U.S. dollars. b. buy both euros and U.S. dollars. c. sell euros and buy U.S. dollars. d. sell both euros and U.S. dollars. e. buy U.S. government bonds
The demand curve for Japanese yen is downward sloping because as the price of a yen declines, such as dollars per yen, people buy fewer Japanese goods
Indicate whether the statement is true or false