“Popcorn Movie” Experience Gets Pricier Cinemas are raising the price of popcorn.

Demand for field corn, which is used for animal feed, corn syrup, and ethanol, has increased and its price has exploded. That’s caused some farmers to shift from growing popcorn to easier-togrow field corn.

Source: USA Today, May 24, 2008 Explain and illustrate graphically the events described in the news clip in the market for

a. Popcorn

b. Movie tickets Use the following news clip to work Problems 34 and 35.

Sony’s Blu-Ray Wins High-Definition War Toshiba Corp. yesterday withdrew from the race to be the next-generation home movie format, leaving Sony Corp.’s Blu-ray technology the winner. The move could finally jump-start a high-definition home DVD market.

Source: The Washington Times, February 20, 2008