Ask a New Question

Question

A music store holds a half-price sale on all CDs. During the sale, people buy more CDs than usual. What does this event show?

A. inelasticity of demand
B. the substitution effect
C. the law of demand
D. the income effect
13 years ago

Answers

Anonymous
Not A
13 years ago
hawk
C. the law of demand
8 years ago

Related Questions

you are at the music store looking for CDs. the store has CDs for $10 and $15. you have $55 to spend... A music producing firm holds the copyright over several songs which have just been recorded by a pop... You are at the music store to buy some CDs. You have $45 to spend and the store sells CDs for 12.99... The pet store aquarium holds 32 fish. Today 13 angelfish and 19 are clownfish to the total number of... 1. If a store marks up the price of an item by 45% and sells it to customers for $58, what was the o... The music store is having a 15% off sale on all classical music cds. Lyell has a coupon for 20% off... At an appliance store, the price of a refrigerator is marked up 25% to $406.25. What was the pric... A music store has 895 CDs to put in racks. Each rack holds 24 CDs. How many of the CDs cannot be put...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use