Question 5 Supply and demand for movie tickets in a city are shown in the table below. Graph demand and supply and identify the equilibrium. Then calculate in a table and graph the effect of the following two changes. Price per Ticket Quantity demanded Quantity supplied $5 26 16 $6 24 18 $7 22 20 $8 21 159 21 20 22 a) Three new nightclubs open. They offer decent bands and have no cover charge, but make their money by selling food and drink. As a result, demand for movie tickets falls by six units at every price. b) The city eliminates a tax that it had been placing on all local entertainment businesses. The result is that the quantity supplied of movies at any given price increases by 10%