Online Music Streaming Services, Such as Spotify, Have Decimated the Market

question 143

Multiple Choice

Online music streaming services, such as Spotify, have decimated the market for CDs. Based on this information, you can conclude that streaming services:

• A) and CDs are complementary goods.
• B) and CDs are substitutes.
• C) has a higher income elasticity than CDs.
• D) has a higher price elasticity than CDs.

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Definitions:

Title Bar

The horizontal bar at the top of a window that displays the name of the application or document.

Tabular Layout

A way of arranging data in rows and columns, similar to spreadsheets, for efficient display and analysis.

Remove Layout

An action or command in software that eliminates predefined formatting or structural elements from a document or interface.

Stacked

A term used in various contexts to describe items arranged vertically on top of each other.