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

Author Question: If movie theaters began collecting more gross income from ticket sales after lowering ticket prices, ... (Read 247 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
on: Jun 29, 2018
If movie theaters began collecting more gross income from ticket sales after lowering ticket prices, we would know
 
  A) movie patrons were not behaving consistently with the law of demand.
  B) movie quality must have increased.
  C) the demand for movie tickets was elastic.
  D) the demand for movie tickets was inelastic.
  E) the supply of movies had increased.

Question 2

Refer to the figure above. What is the producer surplus after Lithasia opens up to free trade?
 
  A) 2
  B) 3
  C) 6
  D) 9


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


cnetterville

  • Member
  • Posts: 547
Reply 2 on: Jun 29, 2018
:D TYSM

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

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

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Collecting a 24-Hour Urine Specimen Collecting a 24-Hour Urine Specimen
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library