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Marrrta [24]
3 years ago
12

One day, a local theme park charges $40 per person for admission, and 10,000 people visit the park. On another day, the park cha

rges $60 per person, and 20,000 people pay to enter the park. Which explanation best describes why the park sees an increase in attendance when the price is higher? Theme-park tickets are part of a rare class of goods which do not follow the Law of Demand. High prices signal a high quality park experience. The higher price gives the park an incentive to expand capacity and permit more visitors. The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.
Business
1 answer:
slega [8]3 years ago
8 0

Answer:

The low-attendance day falls on an autumn Wednesday, while the high-attendance day falls on a summer Saturday.

Explanation:

There are no rare class of goods which do not follow the Law of Demand

The most probable reason may be the dates are at different time period, when the demand is lower and therefore the price must be lower to generate  enought attendance  to make it profitable. While, the second date is onpeak demand.

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In the past few years, the demand for donuts has decreased. this would be illustrated by a change from?
zepelin [54]

The decrease in demand would be illustrated by a change from A to C.

<h3>What will be the change?</h3>

The demand curve is a downward sloping curve that shows the relationship between price and the quantity demanded. There is a negative relationship between price and quantity demanded.

A change in demand is caused by other factors other than the price of the good. Other factors include a change in income, a change in consumer taste or a change in the price of substitute goods.

When there is a change in demand, the demand curve would shift either to the right or to the left. When demand decreases, the demand curve would shift to the left. When demand increases, the demand curve would shift to the right.

Since, the demand for donuts have decreased, the demand curve would shift to the left. This would be a shift from A to C.

Please find attached the complete question. To learn more about the demand curve, please check: brainly.com/question/25140811

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3 0
1 year ago
7. How does AJ look tyrannical or monarchical with both the tariff/nullification crisis and Indian removal
lapo4ka [179]

Answer:              

Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)

In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.

Explanation

On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:

  1. The payment of a long standing national debt
  2. the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
  3. Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
  4. the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.

Irrespective of the above, his career was marred by two major dents:

  • The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
  • The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.

Cheers

6 0
2 years ago
If you are a manager seeking to join a firm that groups managers according to their expertise and resources they use in their jo
4vir4ik [10]

Answer:

Asfghiekeekeeekekkekekekekskeoeoekseoke,eoekelsoe,sos,dodos,ske

Explanation:

6 0
3 years ago
lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions would you ask y
JulijaS [17]
I prefer investing money you can save it too
3 0
3 years ago
___ establishes the salary of the chief executive officer of a company
professor190 [17]

Answer:

The board of directors because the board of directors are ahead of the chief executive, but below the CEO. But have power to control who their CEO is.

3 0
2 years ago
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