This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If an increase in the incomes of people who live in the Los Angeles area leads to an increase in the ... (Read 78 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If an increase in the incomes of people who live in the Los Angeles area leads to an increase in the demand for season tickets for games played by the Los Angeles Lakers professional basketball team, then these season tickets are
 
  A) a normal good.
  B) an inferior good.
  C) an income complement.
  D) an income substitute.

Question 2

Markets tend to underallocate resources to the production of a good when
 
  A) there are negative externalities.
  B) there are positive externalities.
  C) there are public goods produced.
  D) equilibrium occurs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti
Evolutionary ecologists live and do research in contemporary cultures that maintain all or some aspe Evolutionary ecologists live and do research in contemporary cultures that maintain all or some aspe
Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ... Many people consider the British statesman Winston Churchill (1874–1965) to be an exemplar of the ...
Basic massage practice office area. Basic massage practice office area.
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves. People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
Video: Prone Position

For a complete list of videos, visit our video library