Residents in the City of Econoville Enjoy Only Two Types

question 29

Essay

Residents in the city of Econoville enjoy only two types of recreational activities.The activities are biking and attending concerts.The demand for concert tickets is: The supply of biking trail permits is set at: = 150,000.
The demand for biking trail permits is The city wishes to expand seating capacity at concert events.To finance the concert hall expansion,the city is considering a tax of $5 per ticket.Given that the city institutes this plan,the supply of concert tickets will become = 75,000.Before the expansion of the concert hall,the supply of concert tickets was fixed at 60,000.What is the effect on equilibrium prices of the additional seating capacity and the $5 tax? How much revenue does the tax generate? Did concert ticket revenue increase due to adding seating capacity and the tax?

Identify and comprehend the roles and responsibilities of the Securities and Exchange Commission (SEC).

Distinguish between the Securities Act of 1933 and the Securities Exchange Act of 1934, including the specific purposes and provisions of each.

Recognize the definitions and characteristics of securities as outlined in significant legal decisions and legislation.

Understand the registration process for securities and exceptions to this process.