The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-As the price of movie tickets increases, which of the following is most likely to happen?
A)The demand for DVDs will increase.
B)The quantity of books demanded will decrease.
C)The number of Broadway tickets purchased will decrease.
D)The prices of popcorn and soda will increase.
E)The number of movies being produced will decrease.

Question

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
 
-As the price of movie tickets increases, which of the following is most likely to happen?
A)The demand for DVDs will increase. 
B)The quantity of books demanded will decrease. 
C)The number of Broadway tickets purchased will decrease. 
D)The prices of popcorn and soda will increase. 
E)The number of movies being produced will decrease.

Quizplus · Accepted Answer

When the price of movie tickets increases, consumers may seek alternative forms of entertainment that are more affordable, such as watching DVDs. This substitution effect can lead to an increase in the demand for DVDs.

The Figure Given Below Shows the Demand Curves for Five