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Question 1

This document shows the relationship between the price of movie tickets, the demand for tickets, and the supply of tickets. As the price of tickets increases from $0 to $8, the demand for tickets decreases from 160 to 0, while the supply of tickets increases from 0 to 160. The intersection of the demand and supply curves indicates the market equilibrium price and quantity where demand and supply are equal.

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Setsuna Teru
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26 views

Question 1

This document shows the relationship between the price of movie tickets, the demand for tickets, and the supply of tickets. As the price of tickets increases from $0 to $8, the demand for tickets decreases from 160 to 0, while the supply of tickets increases from 0 to 160. The intersection of the demand and supply curves indicates the market equilibrium price and quantity where demand and supply are equal.

Uploaded by

Setsuna Teru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Price of movie ticket ($) No of tickets bought (Demand) No of ticket sellers provide (supply)

0 160 0
1 140 20
2 120 40
3 100 60
4 80 80
5 60 100
6 40 120
7 20 140
8 0 160

9
8
7
Price of movie ticket ($)

6
5
4
Dd1
3 Ss1

2
1
0
0 20 40 60 80 100 120 140 160 180
No of tickets

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