Which of the following changes will occur to the market for movie tickets when the price of the tickets rises

A. The demand curve will shift out, causing the price to increase and the quantity to decreases.
B. The demand curve will shift out, causing the price to increase and the quantity to increases.
C. The demand curve will shift in, causing the price to decrease and the quantity to increases.
D. The demand curve will not shift, since the price of the tickets changed. Instead, given the law of demand, the quantity-demanded of the tickets will be reduced.


Answer: D. The demand curve will not shift, since the price of the tickets changed. Instead, given the law of demand, the quantity-demanded of the tickets will be reduced.

Economics

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