Cedar point amusement park reduces its entry fees. As a result of this price fall,

Name: Cedar point amusement park reduces its entry fees. As a result of this price fall,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the price of entry fees is reduced, the quantity demanded for entry into Cedar Point amusement park increases because more people are willing to purchase tickets at the lower price. This does not change the demand curve itself but moves along the curve to a higher quantity demanded.

Cedar Point Amusement Park Reduces Its Entry Fees