Movie tickets and film streaming services are substitute's . If the price of film streaming increases , what happens in the market for movie tickets ?

Q: iPhones are mostly made of aluminum. Assume that iPhones are normal goods and that their substitutes…

A: Equilibrium in the market occurs at the intersection of demand and supply curves

Q: Given in to pressure from voters who charge that local theater owners are gouging their customers…

A: Given the price of ticket = $10 Price ceiling =$2

Q: Do you agree with the following statements? Give reasons.  (a) There are some exceptions to the law…

A: Answer - Need to find- Do you agree with the following statements? Give reasons.    (a) There are…

Q: A Dell computer is a substitute for a Hewlett-Packard computer. What happens to the demand for…

A: Two goods are said to be substitutes of each other when they can be used in place of each other. The…

Q: Movie tickets and film streaming services are substitutes. If the price of film streaming increases,…

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: What happens to the equilibrium price and quantity if the supply curve shiftsright but the demand…

A: the equilibrium price and quantity is defined at the point where supply equals to demand. now, any…

Q: Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if…

A: the price of tea, a substitute for coffee, decreases, The substitute goods are those good which can…

Q: What can we expect to occur to hot dog buns if the price of hot dogs were to decrease?

A: Law of demand - If other things remains constant, decrease in price of a good will increase the…

Q: Beef supplies are sharply reduced because of drought in the beef-raising states, and consumers turn…

A: A firm's supply is the quantity that it chooses to sell at a given price, given technology, and…

Q: Movie tickets and DVDs are substitutes. If the priceof DVDs increases, what happens in the market…

A: Substitute products are ones that can be utilized in lieu of each other with equal ease and comfort…

Q: What is the difference between a change in demand and a change in quantity demanded?  Discuss with…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: If buyers and sellers of drywall (gypsum plasterboard) both expect the price of drywall to increase…

A: The market of a good or service reaches equilibrium at a point where the demand curve of the good or…

Q: Give an example of substitutes. What will happen to the demand for each of the price of one rises?

A: When talking about substitute goods, there are the products that cannot be consumed together as one…

Q: If the demand for chocolate decreases with no change in the supply of chocolate, what happens in the…

A: According to the theory of the market, market equilibrium(E) occurs where market DD equals market…

Q: What kind of relationship exist between demand for a good and price of its substitute goods? (a)…

A: Substitute are those goods which can be used in place of each other and gives same level of…

Q: Discuss how the equilibrium price and quantity change when a change in supply occurs and the demand…

A: The equilibrium price and quantity of a good sold in the market are determined by the forces of…

Q: movie tickets and film streaming services are substitutes. If the price of film streaming increases.…

A: Market demand for a commodity changes with a change in consumer income, tastes and preferences,…

Q: People come to expect that the price of a gallon of gasoline will rise next week. As a result,A)…

A: One of the factors that affect the behavior of a producer and consumer is future expectations.…

Q: Is the demand curve similar internationally and domestically?Will a change in price drastically…

A: Demand Curve  Demand refers to the quantities of the commodities that the buyers are ready to buy at…

Q: Discuss how the equilibrium price and quantity change when a change in demand occurs and the supply…

A: The change in equilibrium quantity and price due to change in demand depends upon the elasticity of…

Q: Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, identify…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: We often find that for major sporting events (playoffs, Super Bowl, etc.) the quantity of tickets…

A: Consumer surplus refers to the difference between the price that represents the maximum willingness…

Q: If the price of Pepsi were to increase then which of the following would happen? O the demand for…

A: The goods which fulfill the same needs of a consumer are termed as substitute goods.

Q: How do you show a decrease in demand graphically? What happens to equilibrium price and quantity?

A: Demand= It means the desire of a consumer for purchasing a good or service along with the…

Q: If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will?

A: for a normal good, it is seen that as supply of a product declines assuming other things remains…

Q: Which of the following will decrease the supply of goods?

A: Supplier of goods usually decreases due to increase in  cost of production.

Q: Suppose that in December the supply of mandarin oranges increases by 350 while the demand increases…

A: When a major index experiences a period of consolidation or sideways momentum, it can be said that…

Q: f the quantity demanded of ice cream is 100 scoops and the quantity supplied is 50 scoops, then the…

A: Equilibrium price is that price level where Demand is equal to Supply.

Q: If a decrease in the price of laptops causes thedemand for cell phones to increase, are laptops…

A: The quantity of a product that the consumer decides to purchase can increase or decrease with the…

Q: A change in which of the following will NOT shift the demand curve for hamburgers? a.  the price of…

A: Hi! thanks for the question but as per the guidelines, we can answer only one question at one time.…

Q: If the price of Pepsi increases, what will happen to the market price of Coke?

A: Suppose two alternate goods can be used for the same purpose, then they are called substitute goods.

Q: Assume that tea and lemons are complements and coffee and tea are substitutes. Say that the…

A: Price ceiling: - Price ceiling is a government policy of setting the maximum price for any good or…

Q: An increase in the demand for notebooks raises the quantity of notebooks demanded, but not the…

A: Demand for a commodity is the desire of the commodity backed by the ability to buy and willingness…

Q: Currently , for various reasons buyers and sellers are expecting the price of oil to be lower in the…

A: Market achieve its equilibrium point where two market forces intersect each other at certain point .…

Q: What would be a good synonym for “equilibrium" in the term “equilibrium price"? Explain your choice.

A: The sum of money at which a product may be exchanged in a marketplace is referred to as market…

Q: What is the difference between a change in demand and a change in quantity demanded? Explain using…

A: In economics, demand refers to a customer's desire to purchase goods and services as well as their…

Q: Explain how the market demand curve for a normal good will shift (ie left, right or no shift in each…

A: When the price of a substitute good falls then demand for a normal good decreases, it shifts…

Q: Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, identify…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Which of the following will not shift a supply curve?

A: Supply curve is the curve which shows the relationship between quantity supplied and the price. It…

Q: What is the effect on the equilibrium price of hotdogs and the equilibrium quantity of hotdogs sold…

A: 1. Price of substitute good rises which will increase the demand for hotdogs. Equilibrium price and…

Q: Good B and Good A are substitutes. If the price of Good A rises, what will happen to the demand…

A: Good B and Good A are substitutes. If the price of Good A rises, consumers substitute good B for…

Q: The next four questions refer to the following supply and demand graphs: III IV XIXIXIX Da D. D, 33,…

A: Thank you for the question. As per BNED, we can answer 3 subparts per session. To get the answer for…