Saturday, September 29, 2007

Unit 1: The effect of the weather on demand: Cinema sales

This BBC article suggests the abysmal summer weather has boosted demand for cinema seats

http://business.guardian.co.uk/story/0,,2178043,00.html

a) Draw a diagram to show the effect on demand of the poor weather on the cinema seat market
b) Use demand theory to explain other reasons why the demand for cinema seats may have increased (one factor is mentioned in the article).

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