Question

Demand for lift tickets at a popular ski resort is given by Q 2,500 -0.25p+ 2Palt 4Plodging+0.005Y where p price of a lift ticket aprice of a tropical vacation package $600 Q -quantity demanded Plodging price of ski resort lodging $200 Y consumer income $30,000 The quantity demanded as a function of the price can be written: OA. Q 763 0.25p 0 B. Q= 3,050-4p O c. Q= 12,200-0.25p D. -3,050 025p Lift tickets and resort lodging can be considered Lift tickets can be considered to be goods good

Answer 1