Ask Question
6 July, 17:05

A movie theater substantially decreases the price of its soda during the same week that a heavily advertised new movie is being released to theaters. Assuming consumers like to enjoy movies, soda, and popcorn together, how does this impact the equilibrium price and quantity of popcorn?

+3
Answers (1)
  1. 6 July, 20:01
    0
    Price and quantity both increase

    Explanation:

    The decrease in the price of soda can caused increase in demand of soda. But because customers like to enjoy movies, soda and popcorn together, the increase in demand of popcorn is possible, which can cause increase in price and quantity of popcorn.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A movie theater substantially decreases the price of its soda during the same week that a heavily advertised new movie is being released to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers