Security personnel are an important input into the production of major concerts, such as Lady Gaga, and Jay Z & Kanye West. If wages for security personnel rise, then we would expect
A) the supply of major concerts to be unaffected.
B) the supply of major concerts to decrease.
C) the supply of major concerts to increase.
D) the demand for major concerts to increase.
B
You might also like to view...
If MUa/Pa is greater than MUb/Pb, and the consumer is consuming both goods, the consumer is not maximizing utility. True or false. Explain
What will be an ideal response?
Which statement about the earned income tax credit is true?
a. Tax break amounts increase with the amount of income earned, up to a point. b. Tax break amounts decrease gradually with the amount of income earned. c. Tax break amounts are determined by the number and age of children in a family. d. Tax breaks are allowed for a maximum of five years.
The product supplied by a monopoly firm has
a. a few substitutes. b. no close substitutes. c. a large number of substitutes. d. two or three close substitutes.
What is the struggle among various producers for the consumer's buisness called?
a) socialism b) competition c) incentive d) self-regulation