Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 4 - Part II - The Market Forces of Supply and Demand - Quick Check Multiple Choice: 3

Answer

d. The demand curve shifts to the right.

Work Step by Step

Since movie tickets and DVDs are substitutes, an increase in the price of one results in an increase in demand of the other. After this change in price, the purchase of movie tickets comes at a comparatively lower cost than before.
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