Suppose the equilibrium price of movie tickets is $18.If the supply curve for movies shifts ________,the equilibrium price will ________.

Name: Suppose the equilibrium price of movie tickets is $18.If the supply curve for movies shifts ________,the equilibrium price will ________.
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Question

Quizplus · Accepted Answer

When the supply curve shifts rightward, it indicates an increase in supply. With more supply and assuming demand remains constant, the equilibrium price will decrease.

Suppose the Equilibrium Price of Movie Tickets Is $18