Holding All Else Constant, What Will Result from a Higher

question 70

Multiple Choice

Holding all else constant, what will result from a higher price for ski-lift tickets?

• A) increased number of skiers
• B) decreased supply of ski resorts
• C) decreased demand for other winter recreational activities
• D) decreased ski sales

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Definitions:

Environmental Impact

The effect that the actions of individuals, businesses, and industries have on the natural world.

Extended Supply Chain

The inclusion of additional elements in the supply chain, such as second-tier suppliers and distributers, to enhance competitiveness and efficiency.

Main Plant

The primary facility where a company's production activities are concentrated or where its main products are manufactured.

Sustainability

The practice of meeting current needs without compromising the ability of future generations to meet their own needs, often focusing on economic, environmental, and social balance.