J. U 1. (b) In Spring 2001, Cinemex's main competitor introduced 2for1 pricing. Describe, in conceptual terms (and using a demand diagram), the effect this had on Cinemex's demand curve. In the same diagram show the effect of CinemeX's price response. Again, interpret your diagram in words. (c) How would you construct a counterfactual scenario for what \"Wkld have happened had this 2for1 pricing by competitors not occurred? Explain your answer in terms of the diagram you drew in the previous