6. Given below is the original demand and supply curves for movies which are D, and S, and the markets in equilibrium at price P, and output Q₁. For each of the following events, draw an appropriate new supply or demand curve for movies as affected by each factor mentioned below So P。 Do

6. Given below is the original demand and supply curves for movies which are D, and S, and the markets in equilibrium at price P, and output Q₁. For each of the following events, draw an appropriate new supply or demand curve for movies as affected by each factor mentioned below So P。 Do

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

6. Given below is the original demand and supply curves for movies which
are D, and S, and the markets in equilibrium at price P, and output Qo.
For each of the following events, draw an appropriate new supply or
demand curve for movies as affected by each factor mentioned below
So
P。
Do

c. Cable television begins offering pay-per-view movies.
d. Tax impose on movies is increased by 20%.

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