Author Question: Movie theatres decided to increase the price of movie tickets. Holding other factors constant, what ... (Read 91 times)

amal

  • Hero Member
  • *****
  • Posts: 572
Movie theatres decided to increase the price of movie tickets. Holding other factors constant, what happens to the demand for popcorn in the movie theatres?
 a. Demand for popcorn shifts to the left because popcorn and movies are substitute goods.
  b. Demand for popcorn shifts to the left because popcorn and movies are complementary goods.
  c. Demand for popcorn shifts to the right because popcorn and movies are substitute goods.
  d. Demand for popcorn shifts to the right because popcorn and movies are complementary goods.

Question 2

Appendix: In regression analysis, the existence of a significant pattern in successive values of the error term constitutes:
 a. heteroscedasticity
  b. autocorrelation
  c. multicollinearity
  d. nonlinearities
  e. a simultaneous equation relationship



yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library