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Author Question: Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD ... (Read 65 times)

eruditmonkey@yahoo.com

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on: Jun 30, 2018
Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
 a. leftward shift in the demand curve for DVD players.
  b. upward movement along the demand curve for DVD players.
  c. rightward shift in the demand curve for DVD players.
  d. downward movement along the demand curve for DVD players.

Question 2

Assuming DVDs and DVD players are complements, the effect of an increase in the price of DVD players on the market for DVDs is a(n):
 a. downward movement along the demand curve for DVDs.
  b. upward movement along the demand curve for DVDs.
  c. rightward shift in the demand curve for DVDs.
  d. leftward shift in the demand curve for DVDs.


reelove4eva

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


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