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Demand Curve Shifters (PYNTE)

Demand Curve Shifters
Demand Curve Shifters

Introduction to Economics: demand curve shifters (PYNTE)

1.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.

2. 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 curve shifts 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.

3. What would be the impact of a rental price ceiling set below the equilibrium rental price? What if the price ceiling was set above the equilibrium price?

4. What would be the impact of a price floor set below the equilibrium price for wheat? What if the price floor was set above the equilibrium price?

Please answer each question is essay format, this is an essay based program. Absolutely no plagiarism! Also include 2-3 intext citations, and references in APA format. Please answer each question in one or more paragraphs. All answers must include more than the intext citation.

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Demand Curve Shifters (PYNTE)

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