Economics: Supply and Demand

Economics: Supply and Demand

Poll

Fewer People Are Going to the Movies Because Ticket Prices Are Just Too High

• True

• False

Fill in the Blank

People are ______ likely to go to the movies because they think tickets are overpriced, according to analysts

Multiple Select

Box office revenues in the U.S. nosedived last summer by 21 percent when compared to the same period in 2013, and experts say high-ticket prices are the main culprit, according to consulting firm PricewaterhouseCoopers.

What caused the box office revenue to drop?

• lower ticket prices

• poor quality movies

• high ticket prices

• high quality movies

Fill in the Blank

Brisket shortage has Texas​ barbecue lovers facing _______ costs

Multiple Choice

"There are fewer briskets today than in the past. But there is a greater demand for briskets."

How will this effect the price of brisket?

• the price will stay the same

• the price will increase

• the price will decrease

Poll

Why will the price of brisket increase?

• When supply is low and demand is high it's cheaper

• When demand is low and supply is low, the price increases

• When the supply is low and the demand is high, the price increases