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Determine which of the supply curve shifters (SPENT) would apply to each situation.Explain whether the event will increase or decrease the supply of movies.Tell whether
Determine which of the supply curve shifters (SPENT) would apply to each situation.Explain whether the event will increase or decrease the supply of movies.Tell whether the supply curve shifts to the right or to the left.
a.The cost to produce movies increases.
b.The number of studios that make movies decreases.
c.Movie theaters expect the market price of tickets to decrease next month.
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