How Markets Work Unit Test

14 of 2214 of 22 Items

Question
Movie tickets and popcorn are complementary goods. The price of corn, a good used in the production of popcorn, has fallen in price. Simultaneously, the rise of at-home streaming services have led movie theaters to decrease the amount of movies they offer. What is the result of these two events on the market for movie tickets?(1 point)
Responses

The market equilibrium quantity of movie tickets will definitely fall.
The market equilibrium quantity of movie tickets will definitely fall.

The market equilibrium price of movie tickets will definitely fall.
The market equilibrium price of movie tickets will definitely fall.

The market equilibrium price of movie tickets will definitely rise.
The market equilibrium price of movie tickets will definitely rise.

The market equilibrium quantity of movie tickets will definitely rise.
The market equilibrium quantity of movie tickets will definitely rise.
Skip to navigation

1 answer

The correct response is:
The market equilibrium price of movie tickets will definitely fall.
Similar Questions
  1. Use Proportional Relationships Unit Test4 of 154 of 15 Items Question The movie theater sold 345 tickets to a show. If 2/3 of
    1. answers icon 1 answer
    1. answers icon 1 answer
  2. How Markets Work Unit Test11 of 2211 of 22 Items Question Use the table to answer the question. Number of Workers Output Total
    1. answers icon 1 answer
  3. How Markets Work Unit Test7 of 227 of 22 Items Question In a hypothetical country, the population is expected to increase by 25%
    1. answers icon 1 answer
more similar questions