Question

Determine which of the supply curve shifters (Spent) would apply to each situation. Explain whether the...

Determine which of the supply curve shifters (Spent) would apply to each situation. Explain whether the event will increase or decrease the supply of movies. Tell whether the supply curves to the right or to the left.
a. The cost to produce movies increases.
b. The number of studios that make movies decreases.
c. Movie theaters expect the market price of tickets to decrease next month.
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

a. due to increse in cost to produce movie supply curve will shift towards left. and supply of movie will decrease.

b. when the number of studios that makes movie decrease, the supply of movie also decrease. supply curve will shift left.

c. price is proportionally related to supply curve if the market price of tickets going to decrease in the next month, the supply of movie also decrease and supply curve shift leftward.

in all the three cases supply will decrease.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Determine which of the demand curve shifters (PYNTE) would apply to each situation. Explain whether the...
Determine which of the demand curve shifters (PYNTE) would apply to each situation. Explain whether the event will increase or decrease demand for movie tickets. Tell whether the demand curve shifts to the right or to the left. a. A decrease in the incomes of consumers of movies. b. An increase in the price of Red Box movie rentals. c. An increase in the number of consumers in the market for movies.
Determine which of the demand curve shifters (PYNTE) would apply to each situation. Explain whether the...
Determine which of the demand curve shifters (PYNTE) would apply to each situation. Explain whether the event will increase or decrease demand for movie tickets. Tell whether the demand curve shifts to the right or to the left. a. A decrease in the incomes of consumers of movies. b. An increase in the price of Red Box movie rentals. c. An increase in the number of consumers in the market for movies.
Appendix: Changes in Both Demand and Supply Apply the correct label to each situation. Drag each...
Appendix: Changes in Both Demand and Supply Apply the correct label to each situation. Drag each item on the left to its matching item on the right. Note that every item may not have a match, while some items may have more than one match. Demand increases and supply decreases. Demand and supply both decrease. Demand and supply both increase. Demand decreases and supply increases. Taxis: public transit workers at a popular tourist attraction go on strike as a holiday...
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift...
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) Investment decreases. (c) Imports decrease and exports increase. (d) The price level decreases. (e) Consumption increases. (f) Government purchases decrease. Describe whether the following changes cause the long-run aggregate supply curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) The stock of capital in the economy increases. (c)...
11.   Demand-pull inflation occurs when the aggregate __________ curve shifts _______. A.   demand, right B.    demand, left C.    supply, right...
11.   Demand-pull inflation occurs when the aggregate __________ curve shifts _______. A.   demand, right B.    demand, left C.    supply, right D.   supply, left 12.   When the aggregate price level decreases, the resulting decrease in interest rates will most likely ___________ investment and _____________ consumption. A.   increase, increase B.    increase, decrease C.    decrease, increase D.   decrease, decrease 13.   The economy is operating at full capacity.  The long-run aggregate supply curve is __________.  In the long run, an increase in the aggregate price level will __________ output. A.   horizontal, increase B.    horizontal, not change C.    vertical, increase D.   vertical,...
1. If the supply curve is perfectly elastic, then an increase in demand results in no...
1. If the supply curve is perfectly elastic, then an increase in demand results in no change in the A. equilibrium quantity but a large increase in the equilibrium price. B. equilibrium price but a decrease in the equilibrium quantity equal to the change in demand. C. equilibrium price but an increase in the equilibrium quantity equal to the change in demand. D. equilibrium quantity or the equilibrium price. 2. The shapes of firms' cost curves are important because A....
1. Which of the following would you NOT expect to be an effect of a large...
1. Which of the following would you NOT expect to be an effect of a large increase in the number of insured persons. a.The demand curve for health care shifts to the right. b.The price of health care increases. c. Total health care expenditure increases. d. The quantity of health care used decreases. 2. The patent on a medication will soon expire. Which of the following would we NOT expect to happen after the patent expires? a.The price of the...
1. The Federal Reserve expands the money supply by 5 percent, which of the following statements...
1. The Federal Reserve expands the money supply by 5 percent, which of the following statements are correct? Check all that apply. The Federal Reserve should have sold the government securities. Aggregate demand will shift to the right. The interest rate will decrease. The interest rate will increase. 2. Mary has been out of the paid workforce in order to raise her children. Now she decides to do paid work and is looking for a job. Before she finds a...
Which of the following statements is true? a)Assuming all else equal, if a household is optimistic...
Which of the following statements is true? a)Assuming all else equal, if a household is optimistic about future income, it is likely to cause a left shift of the current credit demand curve of the household. b)John makes it a point to save a portion of his salary every month. Assuming all else equal, if the real interest rate increases, it is likely to cause John's credit supply curve to shift to the left. c)Everything else remaining unchanged, if households...
Which of the following would not be a central issue in economics? Question 1 options: How...
Which of the following would not be a central issue in economics? Question 1 options: How is production carried out? Who consumes what? What goods are produced? When are goods consumed and produced? None of the above Question 2 (1 point) Which of the following would be of particular interest to a micro-economist? Question 2 options: amount of fruit the typical household consumes nation’s inflation rate nation’s rate of unemployment budget of the national government Question 3 (1 point) People...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT