Due to the increase in prom ticket prices Limo rental sales suffer This would be indicated by A move from point y to point x as a charige in quantity demanded A shift from 02 to D1, as a change in quantity demand Ashift from D2 to D1, as achange in demand A move from point y to point x as a change in demand

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Due to the increase in prom ticket prices Limo rental sales suffer This would be indicated by A move from point y to point x as a charige in quantity demanded A shift from 02 to D1, as a change in quantity demand Ashift from D2 to D1, as achange in demand A move from point y to point x as a change in demand

Answer 1

The correct answer is:A shift from D2 to D1, as a change in demand.Explanation:When prom ticket prices increase, it affects the overall demand for limo rentals because both are complementary goods. This means that an increase in the price of prom tickets can lead to a decrease in the demand for limo rentals. This scenario is represented by a shift in the demand curve from D2 to D1, indicating a change in demand rather than just a change in quantity demanded.

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