Which of the Following Shifts the Demand Curve for Movie

question 39

Multiple Choice

Which of the following shifts the demand curve for movie downloads rightward?

• A) a decrease in the price of downloading a movie
• B) a 10 percent increase in people's income if movie downloads are a normal good
• C) a decrease in the price of cable television service
• D) an increase in the quantity and quality of programming included in the basic cable television service package

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Definitions:

Industry Output

The total production of goods and services provided by an industry within a specific period.

Equilibrium Point

A state in which market supply and demand balance each other, resulting in stable prices.

Wage Rate

The standard amount of pay given for work performed, typically expressed on an hourly, daily, or piecework basis.

Marginal Cost Function

The relationship that shows the change in total production cost when producing one additional unit of a good or service.