When other things remain unchanged, what can be expected if Blue-ray movies become significantly cheaper? Consumers will demand more Blue-ray movies. Consumers will demand more Blue-ray players. Consumers will demand less DVD players (where Blue-ray players and DVD players are considered substitutes). • All of the above are expected to occur when Blue-ray movies become significantly cheaper.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 19QP
icon
Related questions
Question
i need the answer quickly
When other things remain unchanged, what can be expected if Blue-ray movies
become significantly cheaper?
Consumers will demand more Blue-ray movies.
Consumers will demand more Blue-ray players.
Consumers will demand less DVD players (where Blue-ray players and DVD
players are considered substitutes).
• All of the above are expected to occur when Blue-ray movies become
significantly cheaper.
Transcribed Image Text:When other things remain unchanged, what can be expected if Blue-ray movies become significantly cheaper? Consumers will demand more Blue-ray movies. Consumers will demand more Blue-ray players. Consumers will demand less DVD players (where Blue-ray players and DVD players are considered substitutes). • All of the above are expected to occur when Blue-ray movies become significantly cheaper.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax