FIGURE 3-3

-Refer to Figure 3-3. Everyone has been raving about the newest summer blockbuster film. You decide to see a movie even though ticket prices have risen to $10 per ticket. You are not alone, as many students are waiting in line at the theatre, shifting the demand curve to D₁. How many tickets are the theatre owners now selling?

Question

FIGURE 3-3
 
-Refer to Figure 3-3. Everyone has been raving about the newest summer blockbuster film. You decide to see a movie even though ticket prices have risen to $10 per ticket. You are not alone, as many students are waiting in line at the theatre, shifting the demand curve to D₁. How many tickets are the theatre owners now selling?

Quizplus · Accepted Answer

The new demand curve D₁ intersects with the original supply curve at point Q₂, indicating the quantity of tickets that the theatre owners are selling.

FIGURE 3-3 -Refer to Figure 3-3. Everyone Has Been Raving About the Been