1 pts D | Question 18 Which of the following changes will occur to the market fo
ID: 1162786 • Letter: 1
Question
1 pts D | Question 18 Which of the following changes will occur to the market for movie tickets when the price of the tickets rises O The demand ane will shift out, causing the price to increase and the quantity to decreases. OThe demand curve will shift out, causing the price to Increase and the quantity to increases O The demand curve will hiftin causing the price to decrease and the quantity to increases ) The demand curve will not shift, since the price of the tickets changed. Instead. given the law of dertand, the quantity-demanded of the tickets will be reduced. D | Question 19 1 pts Which of the following changes will occur to the market for movie tickets when the cost of electricity to operate the air conditioner rises dramatically The supply curve will shift? causing the price to increase and tin quantity to decreases. The supply cure wilt shift out, caing the orice to descrese and the quannity to nereases The supply curve wil suit in tup ad back) causing the price to decrese and the quantity to increaes The supply curve w shift ?.p and back, causing the price to increase-d the qoarey iO decreases.Explanation / Answer
Ans:
18) The demand curve will not shift, since the price of the tickets changed. Instead,given the law of demand, the quantity demanded of the tickets will be reduced.
when there is a change in price, there is a movement along the demand curve.when factors other than price change, there is a shift of the demand curve.In this case since the price is changed, the demand curve will not shift.
19) The supply curve will shift in ( up and back), causing the price to increase and the quantity to decrease.
The increase in the cost of electricity causes the cost of production to increase and this decreases the quantity.The decrease in the quantity will cause the supply curve to shift to left.
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