What Is the Most Likely Effect of the Development of Television,videocassette

question 40

Multiple Choice

What is the most likely effect of the development of television,videocassette players,and rental movies on the movie theater industry?

• A) Decreased costs of producing movies
• B) Increased demand for movie theater tickets
• C) Movie theater tickets become an inferior good
• D) Increased price elasticity of demand for movie theater tickets

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