If the Price of Movie Tickets Doubles,then

question 20

Multiple Choice

If the price of movie tickets doubles,then

• A)the demand for DVDs is likely to increase.
• B)the price of DVDs is likely to decrease.
• C)the quantity of movie tickets sold is likely to increase.
• D)the quantity of popcorn sold at the movies is likely to increase.

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Definitions:

Price Ratio

The relative price of one good or service compared to another, typically used in the analysis of consumer choice and budget allocation.

Good 1

Generally represents the first good or service in an economic model, used to analyze consumer behavior or market dynamics.

Slope Of Budget Line

The slope of a budget line represents the rate at which a consumer can trade one good for another while maintaining the same level of total expenditure.

Negative Price

A situation where the seller pays the buyer to take a good or service, typically seen in unusual market conditions or to address surplus issues.