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Which of the following will cause an increase in the quantity demanded of movie tickets quizlet?Which of the following will cause an increase in the quantity demanded of movie tickets? A decrease in the price of movie tickets will cause an increase in the quantity demanded of movie tickets.
Is the demand for movie tickets elastic inelastic or unit elastic?"The price elasticity of demand for tickets is -1, indicating unit elastic demand for tickets, and any price rise will not change the total revenue generation.
What causes an increase in demand quizlet?Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.
What happens to the market quantity demanded when price increases quizlet?If the price of the good rises, the quantity demanded of that good decreases. If the price of the good falls, the quantity demanded of that good increases.
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