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Title: Denise only purchases two goods: movies and bottled water. When the price of movies decreases from Post by: stars_and_moon on Jul 20, 2016 Denise only purchases two goods: movies and bottled water. When the price of movies decreases from $3 to $2, Denise's purchase of water increases from three bottles to five bottles. Using income and substitution effects, explain how the change in the price of movies affected Denise's demand for water.
Title: Re: Denise only purchases two goods: movies and bottled water. When the price of movies decreases ... Post by: kingby on Aug 9, 2016 Content hidden
Title: Re: Denise only purchases two goods: movies and bottled water. When the price of movies decreases from Post by: stars_and_moon on Aug 17, 2016 Incredible!
Title: Re: Denise only purchases two goods: movies and bottled water. When the price of movies decreases from Post by: kingby on Aug 18, 2016 I instantly knew the answer when I read the question, happy to help
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