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Author Question: Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball ... (Read 53 times)

saraeharris

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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.


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ansleighelindsey

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saraeharris

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


nanny

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

 

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