Business, 15.04.2020 15:51, lizredrose5

A city wants to raise revenues to build a new municipal swimming pool next year. The mayor suggests that the city raise the price of admission to the current municipal pools this year to raise revenues. The city manager suggests that the city lower the price of admission to raise revenues. Who is correct?

a. The mayor would be correct if demand were price elastic; the city manager would be correct if demand were price inelastic.

b. The mayor would be correct if demand were price inelastic; the city manager would be correct if demand were price elastic.

c. Both the mayor and city manager would be correct if demand were price elastic.

d. Both the mayor and city manager would be correct if demand were price inelastic.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:30, jachecj3269

The framers of the us constitution created a system of government that established branches of government set forth the powers of such a branches and placed limits on those powers what are the benefits of such a system? are there any problems associated with such a system?

Answers: 3

continue

Business, 22.06.2019 09:40, bennett2968

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?

Answers: 1

continue

Business, 22.06.2019 11:20, johnlecona210

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Answers: 1

continue

Business, 22.06.2019 22:30, jasjas3722

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.

Answers: 1

continue

Do you know the correct answer?

A city wants to raise revenues to build a new municipal swimming pool next year. The mayor suggests...