3 All evening movies cost the same dont consider matinces bu

3. All evening movies cost the same (don\'t consider matinces) but every Friday and Saturday the 8prm showings always sell out (there is a shortage of seats.) -Use a supply and demand graph to explain the difference between the weekend showing and the rest of the weck What does our model predict should happen? Should movic theatres follow our model? What might the implications be if they did? -Explain how the ticket price can act like a floor or a ceiling depending on what day of the week it is.

Solution

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Dumping will lead to low prices in the US market. Hence, consumers will increase quantity demanded

and producers will decrease quantity supplied. This will lead to increase in shrimp imports.
If the government
If US imposes a tariff on shrimp, the price of shrimp in domestic market will increase. Hence, consumers will consume less shrimp and pay higher price. hence, the consumers will lose.
If the government attempts to control shrimp at higher price level, there would be surplus of shrimp.