Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
M8
Transcribed Image Text:Suppose a $7 ISU parking ticket becomes a $10 ticket unless paid within one week. This Two-tier" pricing structure is designed to
OA humiliate as many students as possible.
O B. maximize the revenue collected by parking services.
OC cover the extra costs of processing an "old" ticket.
O D. encourage you naughty students to pay your tickets promptly.
A decrease in the supply of a good, ceteris paribus,
O A. decreases the demand for the good.
O B. increases the demand for the good.
OC. decreases the quantity demanded of the good.
D. increases the quantity demanded of the good.
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