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Read the news clip, then illustrate the events described. In the le graph, show the effect in the market for popcorn. Draw a new curve
Read the news clip, then illustrate the events described. In the le graph, show the effect in the market for popcorn. Draw a new curve and label it. Draw a point at the new equilibrium price and new equilibrium 'Popcorn Movie' Experience Gets Pricier Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup, and ethanol, has increased and its quantity. price has exploded. That's caused some farmers to shift from growing In the right graph, show the effect in the market for movie tickets. Draw a new popcorn to easier-to-grow eld corn. curve and label it. Draw a point at the new equilibrium price and new equilibrium quantity. V Source: USA Today, May 24, 2008 U 100 200 300 400 500 - 0 100 200 300 400 Quantity (boxes of popcorn per day) Movie attendance (people per showing)
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