Suppose the equilibrium quantity of movie tickets is 1000.If the demand curve shifts ________,the equilibrium quantity of movie tickets will ________.
A) rightward; increase
B) rightward; decrease
C) leftward; increase
D) rightward; not change
E) leftward; not change

Question

Quizplus · Accepted Answer

If the demand curve shifts rightward, it means that consumers are willing and able to purchase more movie tickets at every given price level. This creates an excess demand of tickets, leading market equilibrium to move to a higher quantity level. Therefore, the equilibrium quantity of movie tickets will increase.

Suppose the Equilibrium Quantity of Movie Tickets Is 1000