A change in the capital stock ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve.
A) shifts; shifts
B) shifts; does not shift
C) does not shift; shifts
D) does not shift; does not shift
Question 2
Florida State University has just lowered the price of its season football tickets from 350.00 to 300.00. As a result, there was an increase in the number of season tickets purchased from 43,000 to 47,000.
The price elasticity of demand for season tickets equals A) 1.71.
B) 1.58.
C) 0.71.
D) 0.58.