Help Center D C Which of the following changes will occur t

Help Center ? ??D, C. Which of the following changes will occur to the market for movie tickets when many new theatres enter into the industry D Question 4 1 pts

Solution

Correct Answer:

C

With opening of the new theatres, supply of tickets will increase and the supply curve will shift to the right direction. At new equilibrium, price will decrease and quantity will increase.