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Q3. The market for cinema tickets is effected by each event listed below. Consider each event separately and determine whether demand or supply is affected,
Q3. The market for cinema tickets is effected by each event listed below. Consider each event separately and determine whether demand or supply is affected, the effect on the supply/demand curve (shift/movement along) and its direction and the final impact on the equilibrium price and quantity. a) There is an increase in the real income. b) The commission paid to film distributors by the cinemas falls. c)The price of internet film services rises. d) The price of electricity rises. e) Nationwide marketing campaign on internet film services shifts preferences towards the internet film services. f)The price of popcorn (regarding it as a complementary good) rises. Q3. The market for cinema tickets is effected by each event listed below. Consider each event separately and determine whether demand or supply is affected, the effect on the supply/demand curve (shift/movement along) and its direction and the final impact on the equilibrium price and quantity. a) There is an increase in the real income. b) The commission paid to film distributors by the cinemas falls. c)The price of internet film services rises. d) The price of electricity rises. e) Nationwide marketing campaign on internet film services shifts preferences towards the internet film services. f)The price of popcorn (regarding it as a complementary good) rises
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