Refer to Scenario 3.1 below to answer the question(s) that follow.
SCENARIO 3.1
-Streaming movies and movies shown in theaters are substitutes.
-Streaming movies and OLED TVs are complements.
-OLED TVs and movies shown in theaters are normal goods.
-People watch streaming movies more often in the winter than in the summer.
-Refer to Scenario 3.1. In response to complaints from movie theater owners, the government removes an entertainment tax on movie tickets, but there are no additional taxes levied on streaming movies. This would lead to

Question

Quizplus · Accepted Answer

The removal of the entertainment tax on movie tickets would make movie tickets relatively cheaper, leading to an increase in demand for movie tickets and a decrease in demand for streaming movies. This would lead to a decrease in the price of movie tickets and the price of streaming movies.