Rhonda views movie tickets and DVD rentals to be substitute forms of entertainment. An increase in the price of a DVD rental will probably result in an increase in the:
a. supply of movie tickets.
b. quantity of movie tickets demanded.
c. quantity of DVD rentals demanded.
d. demand for movie tickets.
Question 2
Demand-pull inflation is caused by:
a. an increase in aggregate demand.
b. a decrease in aggregate demand.
c. an increase in short-run aggregate supply.
d. a decrease in short-run aggregate supply.
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