76 967
Assignments Done
Successfully Done
In June 2019

Answer to Question #70224 in Microeconomics for Sara Haile

Question #70224
1. What role do incentives play in each of the following situations?

a. You learn that you can resell a ticket to next week’s football game for twice what
you paid.

b. A provincial government announces a “sales tax holiday” for back-to-school
shopping during one week in August.
Expert's answer
Answer a: In this situation I will tend to resell ticket next week because my wealth will increase without any efforts

Answer b: "Sales tax holiday” make products cheaper, so quantity demanded will increase.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions