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Qd=4-3p+I Pe=1/2+I/4 Qe=5/2+I/4 (b) If movie goers experience an increase in annual income, illustrate on a demand and supply diagram what happened to the quantity

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Qd=4-3p+I

Pe=1/2+I/4

Qe=5/2+I/4

image text in transcribed
(b) If movie goers experience an increase in annual income, illustrate on a demand and supply diagram what happened to the quantity demand and supply in equilibrium

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