Final answer:
The equilibrium quantity and price for movie tickets are identified by the intersection of supply and demand curves. The opening of new nightclubs and the elimination of a local entertainment tax will shift these curves, thus changing the equilibrium.
Step-by-step explanation:
The question refers to Table 3.10, which shows the supply and demand for movie tickets in a city. To identify the equilibrium quantity and price, one would graph the demand and supply curves and find the point where they intersect - this is the equilibrium. However, the question also asks to consider the effect of two scenarios:
- The opening of three new nightclubs, decreasing the demand for movie tickets by six units at every price.
- The elimination of a local entertainment business tax, increasing the quantity supplied of movie tickets by 10% at every price.
Such changes will shift the demand curve to the left and the supply curve to the right, respectively. Updated tables and graphs would be needed to calculate and visualize the new equilibrium points after each change.