What is the effect on the equilibrium price and equilibrium quantity of theater tickets if the...
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What is the effect on the equilibrium price and equilibrium quantity of theater tickets if the price of an orchestra ticket decreases and the wage rate paid to actors decreases? The equilibrium price of a theater ticket and the equilibrium quantity A. rises; increases, decreases, or remains the same B. does not change; does not change C. rises; always increases D. falls; increases, decreases, or remains the same E. falls; always increases What is the effect on the equilibrium price and equilibrium quantity of theater tickets if the price of an orchestra ticket decreases and the wage rate paid to actors decreases? The equilibrium price of a theater ticket and the equilibrium quantity A. rises; increases, decreases, or remains the same B. does not change; does not change C. rises; always increases D. falls; increases, decreases, or remains the same E. falls; always increases
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