Suppose the Equilibrium Price of Movie Tickets Is $10

question 44

Multiple Choice

Suppose the equilibrium price of movie tickets is $10. If the supply curve for movies shifts ________, the equilibrium price will ________.

• A) rightward; increase
• B) rightward; decrease
• C) leftward; decrease
• D) rightward; not change
• E) leftward; not change

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Definitions:

Physical Differences

Variations in the anatomical characteristics that exist among individuals, populations, or species.

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Common Heritage

Principles or assets that are not only shared by and beneficial to all members of a community or humanity but also preserved for future generations.

Federal Facility

A building or installation owned or leased by the federal government of a country, often for governmental use.