Question

One day, a local theme park charges $40 per person for admission, and 10,000 people visit the park. On another day, the park charges $60 per person, and 20,000 people pay to enter the park. Which explanation best describes why the park sees an increase in attendance when the price is higher? O Theme-park tickets are part of a rare class of goods which do not follow the Law of Demand. O High prices signal a high quality park experience. OThe higher price gives the park an incentive to expand capacity and permit more visitors. O The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.

Answer 1

The explanation which best describe the increase in number of attendance with an increase in price could be that the low attendance day falls on an autumn Wednesday, while the high attendance day falls on a summer Saturday.

So the correct answer is an option (d).