Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.4 Market Effects of Changes in Demand - Page 93: 4.3

Answer

left left

Work Step by Step

The demand curve for DVDs is impacted by the price and availability of substitutes, in this case online movies. As the online movies become cheaper or more readily available the demand for DVDs will decrease. Lower quantities are to the left on the horizontal axis.
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