If the Demand for Movies Increases at the Same Time

question 156

True/False

If the demand for movies increases at the same time as the movie industry adopts labor-saving technology for producing movies, the equilibrium price for movies will increase, but the effect on the equilibrium quantity of movies is ambiguous.

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Definitions:

Pteridophyta

Pteridophyta refers to a group of vascular plants that reproduce via spores and do not produce flowers or seeds, commonly known as ferns.

Anthocerophyta

A phylum of plants known as hornworts, characterized by a flat thallus and a sporophyte that resembles a long horn.

Bryophyta

A group of non-vascular plants comprised of mosses, liverworts, and hornworts, noted for their prevalent gametophyte stage.

Horsetails

A group of vascular plants in the genus Equisetum, known for their jointed, hollow stems and reproduction through spores, not seeds.