The cost of flat screen TVs has fallen over time. Use this scenario to answer the following questions:

(a) Use a simple demand and supply diagram to show the impact of fall in cost of flat screen TVs on the market for movie tickets. Make sure to show what happens to both equilibrium price and quantity.

(b) What happens to the consumer and producer surplus in the movie ticket market?

Make sure to upload a clean graph, with proper labels. You can also explicitly write down the area that shows consumer and producer surplus.