11 Suppose that the price of tickets at your local cinema is determined by market forces.

Currently, the demand and supply schedules are as follows:

a Draw the demand and supply curves. What is unusual about this supply curve? Why might this be true?
b What are the equilibrium price and quantity of tickets?
c Demographers tell you that next year there will be more film-goers in the area. The additional people will have the following demand schedule: