Carefully read the following demand headline,
First, (2) draw the correct sloping curve to represent the relationship between quantity demanded and price. Next, determine whether the information will
shift the entire demand curve to the left or right, or not shift the demand curve, but change the quantity demanded along the original curve by (2)
drawing what will happen to the demand curve. (draw an arrow that points in the correct direction) Finally, (3) explain what happened to the demand for
movie tickets and why. (If it results in a shift in demand, please state the correct shifter in your response)
Headline: Average wages decline for workers around the country.
How will this information likely affect the demand curve for movie tickets?
Price
Quantity