Grad Nite attendance is now mandatory, therefore Mrs. Edwards increases the price of Grad Nite tickets

A. the supply for Grad Nite tickets decreases because of the increase in the number of sellers.

B. the supply for Grad Nite tickets decreases because there is a decrease in resources.

C. the supply for Grad Nite tickets decreases because there are more regulations.

D. the quantity supplied for Grad Nite tickets increases as the price increases.

E. the quantity supplied for Grad Nite tickets decreases because the price increases.

Question

Everett

Business

31 May, 11:33

Grad Nite attendance is now mandatory, therefore Mrs. Edwards increases the price of Grad Nite tickets

A. the supply for Grad Nite tickets decreases because of the increase in the number of sellers.

B. the supply for Grad Nite tickets decreases because there is a decrease in resources.

C. the supply for Grad Nite tickets decreases because there are more regulations.

D. the quantity supplied for Grad Nite tickets increases as the price increases.

E. the quantity supplied for Grad Nite tickets decreases because the price increases.

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Answers (1)

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Selina Shelton · Answer 1

D. the quantity supplied for Grad Nite tickets increases as the price increases.

Because the Grand Nite attendance is mandatory, everyone is required to attend whether they like it or not. So, even if the price increased, the quantity supplied for Grand Nite tickets will increase to cover the total number of people who are mandated to attend the said event.