Multiple Choice
Suppose the only professional hockey team within 500 miles is the Salt Lake City Slappers team.If the State of Utah imposes a profits tax on sports teams, the Slappers will
A) raise ticket prices
B) lower ticket prices to boost sales
C) maintain ticket prices and suffer a loss in profits
D) expand the number of home hockey games
E) reduce the number of home hockey games
Correct Answer:
Verified
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