Bill quits his job to pursue an MBA degree full time.Tickets for the theatre fall in price,but he does not renew his season tickets for the new season.Bill's decision not to renew is most likely due to
A) failure to follow the law of demand,which would say he would buy more tickets at the lower price.
B) a reduction in his income while he is in graduate school.
C) a change in tastes on Bill's part.
D) the opportunity to buy football tickets at the university.
Correct Answer:
Verified
Q1: When the term "price" is used in
Q2: The law of demand states that,other things
Q3: The law of demand states that,ceteris paribus,
A)a
Q4: The price of a movie increased from
Q6: The relative price of a good is
Q7: Which of the following is most likely
Q8: In determining the demand for a good,economists
A)hold
Q9: In economics,the term "demand" refers to
A)the quantity
Q10: If other factors remain constant,the Canadian government's
Q11: The price of a new textbook was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents