Would a change in the price of movie tickets shift the supply curve?

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asked Oct 8, 2024 5.4k views

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Arthur Zennig · Answer 1 · 2024-10-12T06:35:33+0000

Answer:

An increase in the price of movie theater tickets (a substitute for DVD rentals) will cause the demand curve for DVD rentals to shift to the right. An increase in the wages paid to DVD rental store clerks (an increase in the cost of a factor of production) shifts the supply curve to the left.

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Would a change in the price of movie tickets shift the supply curve?

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