Movie tickets and popcorn are complementary goods. The price of corn, a good used in the production
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Question:
Movie tickets and popcorn are complementary goods. The price of corn, a good used in the production of popcorn, has fallen in price. Simultaneously, the rise of at-home streaming services have led movie theaters to decrease the amount of movies they offer. What is the result of these two events on the market for movie tickets?
- The market equilibrium price of movie tickets will definitely rise.
- The market equilibrium quantity of movie tickets will definitely rise.
- The market equilibrium quantity of movie tickets will definitely fall.
- The market equilibrium price of movie tickets will definitely fall.
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