<span>The
town of linsberg would be the town that has higher prices and greater
deadweight loss. This decision is plausible since Chuck is the only person in
the town who runs a craft brewery and such exclusivity would mean he can raise
higher prices since no competition is available to haggle prices in order to
get costumers. He would have the greater deadweight loss since there would be a
inefficiency in allocation resources and may cause him to monopolize the
resources and business.</span>
Answer:
A, A , D then 1 is C, 2 is A, 3 is B, 4 is D
Explanation:
here is your answer.
Answer: inelastic
Explanation:
If increasing the admission charge for National Parks increases the National Park Service's total revenue, then the demand for National Park visits is inelastic.
This shows that a change in price will lead to a minimal change in the quantity demanded by the consumers. Even though price was increased, the number of visitors to the park rarely changed. This will lead to increase in revenue.
The option that can be considered free money when it comes to financing higher education is: Scholarships and grants.
<h3>What are grants?</h3>
Grant is a monetary fund given by a public entity or a charitable foundation or a specialized grant making institution to an individual for a specific purpose.
Grants and scholarship does not need to be paid back by individuals. Therefore it can be considered free money when it comes to financing higher education.
Learn more about Grants here:
brainly.com/question/1559476
The two goods are substitutes.
Cross Elasticity
The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal.
To learn more about Cross Elasticity
brainly.com/question/22985521
#SPJ4
