A marketing survey shows that gate receipts would increase if the price of tickets to a summer rock concert increased, even though the number of tickets sold would fall. What does this imply about the price elasticity of demand for concert tickets?

Explain the difference between financing investment with a business loan versus with venture capital. What are the pros and cons of each?

What will be an ideal response?

Suppose that a new study finds that eating more peanut butter will improve a person's health. As a result

A) the demand for peanut butter will fall. B) the demand for peanut butter will rise. C) the price of peanut butter will fall. D) a smaller amount of peanut butter will be purchased.