Holding all other things constant, a higher price for ski lift tickets would
a. increase the number of skiers.
b. increase the price of skis.
c. decrease the number of skis sold.
d. decrease the demand for other winter recreational activities.
c
Economics
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When there few close substitutes available for a good, demand tends to be
A) relatively elastic. B) perfectly elastic. C) relatively inelastic. D) perfectly inelastic.
Economics
According to classical economists, a decrease in the rate of interest will
A. increase investment. B. increase consumer saving. C. increase the inflation rate. D. increase unemployment.
Economics