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Author Question: Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball ... (Read 97 times)

saraeharris

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on: Jul 1, 2018
Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball tickets. The quantity of football tickets is measured on the horizontal axis. If the price-consumption curve is horizontal when the price of football tickets changes, then
 
  A) football tickets are an inferior good.
  B) the demand for football tickets is perfectly elastic.
  C) the demand for football tickets is unit elastic.
  D) the demand curve for football tickets will be horizontal.

Question 2

An increase in the price of a good causes
 
  A) a change in the slope of the budget line.
  B) an increase in the consumption of that good.
  C) a rightward shift of the demand curve for that good.
  D) a parallel rightward shift of the budget line.
Microeconomics ¦ Perloff ¦ 8th Edition
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ansleighelindsey

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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saraeharris

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Reply 2 on: Jul 1, 2018
Gracias!

AmberC1996

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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