What is the most likely effect of the development of DVD players and Internet streaming on the movie theater industry?
A. Movie theater tickets become an inferior good
B. Increased price elasticity of demand for movie theater tickets
C. Decreased costs of producing movies
D. Increased demand for movie theater tickets
Answer: B
Economics
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Per capita incomes must first grow for birth rates to decline. This statement describes the:
A. human capital view of population growth. B. traditional view of population growth. C. capricious universe view. D. demographic transition view of population growth.
Economics
A public good
a. can be profitably produced by private firms. b. is characterized by rivalry and excludability. c. produces no positive or negative externalities. d. is available to all and cannot be denied to anyone.
Economics