Suppose the Chicago Bears football team raises ticket prices by 13 percent and as a result the quantity of tickets demanded decreases by 21 percent. This response means that the demand for Bears tickets is

Any event that changes any of the determinants of YN will shift the LRAS.

a. true b. false

According to the ________ theory of regulation, regulators must take into account the preferences of legislators, consumers, and producers.

A. share-the-gains, share-the-pains B. public interest C. capture D. general interest