Which of the following would not cause the demand curve for college football tickets to shift?
a. an increase in the price of professional football tickets
b. a decrease in the price of college basketball tickets
c. an increase in the price of college football tickets
d. a drop in student incomes
e. an increase in student preferences for college football tickets
C
You might also like to view...
In the short run, nominal wages and other input prices are assumed to be:
A. Unresponsive to product price-level changes, but in the long run they are assumed to be responsive B. Unresponsive to product price-level changes, and in the long run they are assumed to be unresponsive also C. Responsive to product price-level changes, but in the long run they are assumed to be unresponsive D. Responsive to product price-level changes, and in the long run they are assumed to be responsive also
Suppose the government wants to increase the price of a specific agricultural product. Discuss the welfare effects of four possible policies: price floor, price support, production quota and voluntary production reduction. Which policy is least efficient? Discuss the differences in the benefits to farmers and the cost to the government.
What will be an ideal response?