Jeramiah Pineda

Business

23 August, 11:06

Suppose the price of movie tickets decline. The income effect means that:

A. people will purchase more movie tickets and less of other goods.

B. people will rent fewer movies to watch at home.

C. people will making lower incomes from selling movie tickets.

D. people will purchase more of all normal goods.

E. people will be more likely to seek a higher-paying job.