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Answer to Question #167784 in Economics of Enterprise for Ghil

Question #167784

What would happen to the demand curve for movie tickets if the price of DVD movie rentals increased by ₱20 each?



1
Expert's answer
2021-03-04T10:41:59-0500

An increase in the price of DVD rentals does not shift the demand curve for DVD rentals at all; rather, an increase in price, is a movement upward to the left along the demand curve.


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