23 Popcorn Cinema Experience Gets Pricier Cinemas are raising the price of popcorn. Demand for field corn,

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23 ‘Popcorn Cinema’ Experience Gets Pricier Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup and biofuel, has increased and its price has exploded. That’s caused some farmers to shift from growing popcorn to easier-to-grow field corn.

Source: USA Today, 24 May 2008 Explain and illustrate graphically the events described in the news clip in the market for (i) popcorn and (ii) cinema tickets.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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