Assuming DVDs and DVD players are complements, the effect of an increase in the price of DVD players on the market for DVDs is a(n):
a. downward movement along the demand curve for DVDs.
b. upward movement along the demand curve for DVDs.
c. rightward shift in the demand curve for DVDs.
d. leftward shift in the demand curve for DVDs.
d
Economics
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In general terms describe trends in the inflation rate, considering the period since 1953 . How are these trends related to movements in the inflation rate over this period?
What will be an ideal response?
Economics
A firm in a market economy must do all of the following to succeed except
A) produce the goods and services that consumers want at a lower cost than consumers themselves can produce. B) organize the factors of production into a functioning, efficient unit. C) have access to sufficient funds. D) be organized as a corporation.
Economics