Which even affects demand and which affects supply

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Consider the market for theater movie tickets. Say that the prices of concessions (popcorn, drinks, etc.) have increased, and the price of a Netflix subscription has decreased. Which even affects demand, and which affects supply? What would be the effect on equilibrium price and quantity in the market for theater movie tickets? Is the effect on either price or quantity indeterminate? Sketch a graph and explain.

Reference no: EM131240522

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