Suppose We Observe That Movie Theatre Prices Are Less During

question 101

Multiple Choice

Suppose we observe that movie theatre prices are less during the daytime than in the evening.If the supply of movies does not change between daytime and evening,then the most likely explanation for this difference in price is

• A)the evening demand curve is to the left of the daytime demand curve.
• B)the evening demand curve is to the right of the daytime demand curve.
• C)the evening supply curve is to the left of the daytime supply curve.
• D)the evening supply curve is to the right of the daytime supply curve.

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Definitions:

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the United States gave over $12 billion in economic assistance to help rebuild Western European economies after the end of World War II.

Capitalist

An individual who possesses capital, particularly financial assets, and engages in the investment and management of these assets with the aim of generating profit.

Hypocritical

Exhibiting a discrepancy between one's proclaimed beliefs or values and one's actual behavior or actions, often implying a lack of sincerity.