Multiple Choice
Scenario: e-Books and Sports Tickets Phillip has an income of $300 per month, which he uses to purchase two goods, e-Books and sports tickets.Each e-Book costs $10, and each ticket costs $15.
(Scenario: e-Books and Sports Tickets) Look at the information provided in the scenario e-Books and Sports Tickets.Suppose Phillip discovers that if he spends all of his money on sports tickets, he can buy more sports tickets than he could previously because something changed.This is a result of:
A) an increase in the price of tickets.
B) a decrease in the price of tickets.
C) an increase in the price of e-Books.
D) a decrease in the price of e-Books.
Correct Answer:
Verified
Correct Answer:
Verified
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