Your economics instructor says, If the price of going to the movies goes down, people will go

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Your economics instructor says, “If the price of going to the movies goes down, people will go to the movies more often.”

A student in class says, “Not if the quality of the movies goes down.” Who is right, the economics instructor or the student?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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Your economics teacher says, 'If the price of going to the movies goes down, people will go to the movies more often.' A student in class says, 'Not if the quality of the movies goes down.' Who is...
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Your economics instructor says, If the price of going to the movies goes down, people will go

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Unless stated otherwise when economics instructors identify t...View the full answer

Microeconomics

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