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Zanzabum
3 years ago
13

A heavy snowstorm is predicted to occur in Boston on the same night as the city’s professional basketball team is playing a game

. The snowstorm, if it occurs, will make it difficult for people to drive into the city. In anticipation of lower demand, the arena lowers the prices of tickets to the game. When compared to quantity demanded in the absence of the storm and the price change, the new quantity demanded:__________
1) will definitely be lower than before.
2) will definitely be higher than before.
3) will be the same as before.
4) cannot be determined.
Business
1 answer:
Jlenok [28]3 years ago
3 0

Answer:

2

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If the price of the ticket is reduced, the quantity demanded would increase

If on the other hand, prices are increased, the quantity demanded would reduce.

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Changes in the GDP deflator reflect a. neither changes in prices nor changes in the amounts being produced. b. only changes in t
Anna11 [10]

Answer:

c. only changes in prices

Explanation:

GDP deflator is used to calculate changes in price level or changes in inflation.

GDP deflator = (Nominal GDP / Real GDP) × 100

Nominal GDP is GDP calculated at current year prices.

Real GDP is GDP calculated at base year prices.

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

I hope my answer helps you

3 0
4 years ago
1. Explain who the Lemon Law protects.
PilotLPTM [1.2K]
It's to insure that manufacturers honor their warranties and to reduce the chance that a consumer will be misled about the nature of the purchase.
8 0
4 years ago
if a company has 150 shares of common stock and $15,000.00 to be distributed to its holders, how much would each share receive?
MariettaO [177]
Divide the amount to distribute by the number cf shares.

$15,000.00 / 150shares = $100/shate

Abswer: option a.
5 0
4 years ago
Select the answer that best describes why the return on investment (ROI) for higher education is high even though the cost of co
PSYCHO15rus [73]
<span>the answer is A. You have the potential to earn more money in the future when you continue your education past high school.
In recent years, almost all company with upper-middle salary requires you to had a certain form of degree if you wanted to apply for them.
One good news about this is the majors seem not to be that relevant because they-re going to re-train you from the scratch anyway.</span>
8 0
4 years ago
Read 2 more answers
In an economy open to international trade ________.
Serjik [45]

Answer: D) saving equals investment as long as NX = 0

Explanation:

The last option was incomplete as it should have said ...NX = 0.

The Income/GDP of a country that is open to international trade is calculated as follows:

Income = Consumption + Investment + Government spending + Net exports

Y = C + I + G + NX

If NX = 0 then the formula becomes:

Y = C + I + G

Investment in this scenario is therefore:

I = Y - C - G

This is the same as savings as savings is calculated by subtracting consumption and government spending from the total income. This is because government spending is derived from taxes so the cash that people get to save is their income less than their taxes and consumption expenses.

S = Y - C - G = Y

4 0
3 years ago
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