1. First question is answered already, option first is correct answer.As demand increases and supply shifts left price increases.
2. First option is correct: Scalpers book tickets and decrease availability and hence prices increase as supply shifts left.
3. First option is correct:Option 2 and 3 will increase ticket prices only option 1 will decrease its price as demand decreases.
4. First option is correct: Ticket prices will increase as they are sold in waves and buyers will be worried if they get in next round and hence tickets remain in high demand.
5. First option is correct: Under modified capitalism govt. mandates private sellers to abide by certain regulations. Pure capitalism has no govt. regulations, communism does not believe in government and socialism has state provisions, monopolistic competition is when there are differentiated product seller but it is not the case here.
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This activity is important because around the world many economies- including those of the United States, Canada, and Japan - are based on free enterprise, and many communist and socialist countries, such as China and Russia, are pplying more principles of free enterprise to their own economic systems. Free enterprise provides an opportunity for a business to succeed or fail...
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This activity is important because around the world many economies- including those of the United States, Canada, and Japan - are based on free enterprise, and many communist and socialist countries, such as China and Russia, are pplying more principles of free enterprise to their own economic systems. Free enterprise provides an opportunity for a business to succeed or fail on the basis of market demand. In a free...
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Question 5 0.16 pts When firms in a market expect the price of their products to rise, the supply curve of their goods causing the equilibrium price to O decreases; rise increases; rise and the equilibrium quantity to fall decreases; fall increases; fall O increases; rise Question 6 0.16 pts Taxes cause the equilibrium price of a good to Ogo up only for producers. O decrease O go down only for consumers O increase. remain...
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Joe Kraus's first tech company crashed, like many other dot-coms in the 1990s. JotSpot was the first company to offer an application wiki and attracted thousands of corporate customers. Google purchased JotSpot in 2006, and the site reappeared briefly as Google Sites in 2008. Review the three segments of the case and write your responses as instructed. The...
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You are the financial analyst of the Management and Budgeting Oftice (MBO) for the Procurement Agency of your Municipality The Transport system of your city needs to have an extension/renovation of the existing equipment (eg vehicles, on-board Wi-Fi network, etc.) and infrastructure (e.g. binary for bus, etc). The transport system is totally owned by the municipality, hence it is in charge of investment decision and business activity...
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...