The price of a DVD rental is 1.50 dollar and the price of a downloaded movie is $1. If the price of a DVD rental increase by $0.50, the relative price a download movie A. Rises B. Falls C. Does not change.

The price of a DVD rental is 1.50 dollar and the price of a downloaded movie is $1. If the price of a DVD rental increase by $0.50, the relative price a download movie A. Rises B. Falls C. Does not change.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.1: What Is Demand

Problem 1ST

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The price of a DVD rental is 1.50 dollar and the price of a downloaded movie is $1. If the price of a DVD rental increase by $0.50, the relative price a download movie

A. Rises

B. Falls

C. Does not change.

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