Use the Following to Answer Question(s): the Market for Music

question 197

Multiple Choice

Use the following to answer question(s) : The Market for Music Downloads

-(Exhibit: The Market for Music Downloads) An increase in buyers' income, assuming music downloads are a normal good, would result in a change illustrated by the move from:

• A) f to g in Figure (a).
• B) g to f in Figure (a).
• C) i to h in Figure (b).
• D) j to m in Figure (c).

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Definitions:

Pequot Indians

A Native American tribe from the northeastern United States, primarily in Connecticut, who were involved in the Pequot War of 1636-1637 with English settlers.

Treaty Agreements

Formal and legally binding agreements between two or more sovereign states pertaining to peace, trade, alliances, or other international relations.

Trade Patterns

The trends and behaviors in the exchange of goods and services across different regions and countries.

Duke's Laws

A set of legal codes established in 1665 by the English Duke of York to govern the recently captured New Netherlands, now New York.