When There Are Budget Shortfalls,the High School Sport Programs Most

question 55

Multiple Choice

When there are budget shortfalls,the high school sport programs most likely to be cut are in communities where there are

• A)many private sport programs for young people.
• B)problems with public mass transportation.
• C)large corporations willing to fund community-based sports.
• D)large proportions of low-income families.

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Definitions:

Total Revenue

The total amount of money generated from the sale of goods or services.

Decrease

A reduction in quantity, size, intensity, or the number of something.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded, leading to market balance.

Perfectly Elastic

A situation where a small price change results in an infinite change in the quantity demanded or supplied.