Every Friday night Elizabeth either goes bowling or goes to the movies. Because the price of bowling went up, Elizabeth now sees more movies. Elizabeth's behavior would be best described as a change in which determinant of demand?

Question

Quizplus · Accepted Answer

Elizabeth's behavior indicates a change in the price of substitute goods. With the increase in the price of bowling, Elizabeth is substituting it with movies, which suggests that movies are a better substitute for her at the higher price of bowling.

Every Friday Night Elizabeth Either Goes Bowling or Goes to the Movies