When the Price of DVDs Falls Relative to Movie and Restaurant

question 168

Multiple Choice

When the price of DVDs falls relative to movie and restaurant prices, and consumers buy more of the DVDs, economists call this

• A) indifference.
• B) satisfaction.
• C) marginalization.
• D) substitution.

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Definitions:

Communication

The exchange of information or ideas between individuals through speaking, writing, or another medium.

Reflexive

Automatic response to a stimulus without conscious thought, often protecting the body from harm or facilitating basic functions.

Babbling

Babbling is a stage in child language acquisition during which an infant experiments with producing sounds of language, often comprising repeated syllables like "ba-ba" or "da-da," which precedes the development of recognizable words.

Babbling

An early stage of language development in infants, characterized by repetitive sounds and syllables without specific meaning, as a precursor to speech.