Multiple Choice
Use the following to answer questions:
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) Read 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(n) _____ in the price of _____.
A) increase; tickets
B) decrease; tickets
C) increase; e-books
D) decrease; e-books
Correct Answer:
Verified
Correct Answer:
Verified
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