Suppose the equilibrium price of movie tickets is $10.If the supply curve for movies shifts ________,the equilibrium price will ________.
A) rightward; decrease
B) leftward; decrease
C) rightward; increase
D) leftward; not change
E) rightward; not change

Question

Quizplus · Accepted Answer

When the supply curve shifts rightward, it indicates an increase in supply. This leads to a decrease in the equilibrium price as more movie tickets become available at every price level.

Suppose the Equilibrium Price of Movie Tickets Is $10