Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Appendix - Problems - Page 29: 2

Answer

(a) The line will shifts outward. (b) The line will shits inward. (c) The line will shift both inward and outward.

Work Step by Step

(a) There exists a better competitor in the market, so the line will shift outward. (b) The line will shift inward since there is a substitute good in the market. (c) The line will shifts inwards because the people will prefer to watch it from home. However this might also increase popularity of GSU.
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