Posted: July 12th, 2022

Unit II Assignment

Instructions

You are continuing to serve as a private economic consultant for Ruby Red Movie Theater in town. The theater would like to have your input concerning what prices they should charge for movie tickets and the average prices for concession stand items. Access the Unit II Assignment Worksheet in Blackboard. Assignment Instructions:Complete the Unit II Assignment Worksheet. This worksheet contains a series of questions concerning your reviews of the movie ticket and concession items; be sure to answer them all and put your answers in the worksheet.
 
Once you have completed your worksheet, use the information you gathered there to write an essay describing your calculations, what you suggest is the equilibrium price and quantity of movie tickets and concession items for Ruby Red Movie Theater, and factors that could cause the supply and demand curves to shift. Specifically, address the information from your worksheet when writing your essay, as well as the following: 

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  • The movie theater manager has seen a dramatic decrease in the quantity of movie tickets and concession items purchased over the last year. Indicate the following:
  • two factors that might have caused the demand curve to shift to the left (decrease) for movie tickets, and 
  • two factors that might have changed and caused the demand for concession items to shift to the left (decrease).

Your essay must be at least two written pages, not counting the references page. Be sure to include an introduction and a title page. You are required to use at least two peer-reviewed scholarly sources. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA Style. Copy and paste your essay into the Word document on the page indicated at the end of the worksheet. This means that everything for this assignment—the completed worksheet, all graphs, and the completed essay—should be provided in one Word document that you will upload via SafeAssign. 

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