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Consider the markets for film streaming services, TV screens, and tickets at movie theatres. a. For each pair, identify whether they are complements or substitutes:
Consider the markets for film streaming services, TV screens, and tickets at movie theatres.
a. For each pair, identify whether they are complements or substitutes:
*Film streaming and TV screens
*Film streaming and movie tickets
*TV screens and movie tickets
b. Suppose a technological advances reduces the cost of manufacturing TV screens. Draw a diagram to show what happens in then market for TV screens.
c. Draw two or more diagrams to show how the change in the market for TV screens affects the markets for film streaming and movie tickets.
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