Troy likes attending Major League Baseball games and going to concerts.Following a 10% increase in the price of tickets to Major League Baseball (MLb.games,Troy's attendance at these games fell by 10%.If tickets to MLB games are on the horizontal axis and tickets to concerts on the vertical axis,using the information above,we can conclude that Troy's price-consumption curve between tickets to MLB games and tickets to concerts is:
A) positively sloped.
B) negatively sloped.
C) horizontal.
D) U-shaped.
Correct Answer:
Verified
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