An increase in the price of a movie ticket creates an increase in consumer purchasing power...
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An increase in the price of a movie ticket creates an increase in consumer purchasing power so that they can afford to buy more movie tickets. This is called the income effect. * True False -If the supply curve of dry cleaning has increased, this means that there was an upward movement along the supply curve for dry cleaning services. * True False An increase in the price of a movie ticket creates an increase in consumer purchasing power so that they can afford to buy more movie tickets. This is called the income effect. * True False -If the supply curve of dry cleaning has increased, this means that there was an upward movement along the supply curve for dry cleaning services. * True False
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