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During the summer vacation, the Egyptian government had removed an entertainment tax on movie tickets. However, the equilibrium price for movie tickets have increased. With

During the summer vacation, the Egyptian government had removed an entertainment tax on movie tickets. However, the equilibrium price for movie tickets have increased. With the aid of a Supply - Demand diagram, explain how this could have happened. What Supply AND Demand conditions would best explain this outcomejQuery224031619047948355217_1583610176567 Use the help of ONE diagram.

For both questions, you will have to change demand AND supply. You need to mention a determinant of Demand and a determinant of Supply which are implied in the questions. What happened to the Supply and what happened to the Demand? What is the effect on equilibrium price and quantity? Don't forget to adjust the magnitude of change of demand and supply to arrive to the desired market outcome.

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