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Figure: Demand for DVDs
-(Figure: Demand for DVDs) Look at the figure Demand for DVDs. A decrease in the price of movie tickets (a substitute) would result in a change illustrated by the move from:
A)f to g in panel A.
B)h to i in panel B.
C)j to k in panel C.
D)l to m in panel D.

Question

Use the following to answer questions :
Figure: Demand for DVDs 
-(Figure: Demand for DVDs) Look at the figure Demand for DVDs. A decrease in the price of movie tickets (a substitute) would result in a change illustrated by the move from:
A)f to g in panel A. 
B)h to i in panel B. 
C)j to k in panel C. 
D)l to m in panel D.

Quizplus · Accepted Answer

A decrease in the price of movie tickets, a substitute for DVDs, would decrease the demand for DVDs, shifting the demand curve leftward from f to g in panel A.

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