Question

Examine how each of the events listed below would impact the position of the demand curve for DVD players.
a) An increase in the price of DVDs.
b) A decrease in the price of DVD players.
c) An increase in per capita income.
d) A decrease in the price of movie tickets
If the demand for a product is elastic, what will happen to total revenue if price is increased?



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  • CreatedAugust 05, 2013
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