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Holding all else constant, a higher price for ski lift tickets would be expected to: A. increase the number of skiers B. decrease ski sales C. decrease the demand for other winter recreational activities D. decrease the supply of ski resorts

Respuesta :

Answer:

Option (b) is correct.

Explanation:

The law of demand states that there is a negative relationship between the price of the product and the quantity demanded for the product. This means that as the price of ski lift tickets increases then as a result the quantity demanded for ski tickets decreases. Alternatively, if there is a fall in the price of ski tickets then as a result the quantity demanded for sky tickets increases.

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