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You are continuing to serve as a  private economic consultant for Ruby Red Movie Theater in town.

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 a document 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 document, as well as the following:

  • 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 document 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.

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