harleyy3322 harleyy3322

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An increase in the demand for movies also increases the salaries of actors and actresses. Is the long-run supply curve for movies likely to be horizontal or upward sloping? Explain.

Answer :

zunesyed zunesyed

Today at 12:58 PM

Answer:

Upward sloping

Explanation:

An increase in the demand for movies will increase the salaries of actors because the demand for actors will increase. In long-run overall supply of the movies will be high, which is why, the supply curve for the movies will be upward sloping. Increase in the supply of movies in long-run will be depicted by upward supply curve.

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