Subject - Economics:

Microeconomics

MCQ - 22-4032

Question:

The market for Cincinnati Reds baseball tickets is currently in equilibrium. Which of the following events would most likely increase the consumer surplus received by Reds fans?

The Reds offer discounted parking for all home games.
The Reds increase hot dog prices to reflect a higher cost of buns.
The city of Cincinnati is undertaking a huge highway construction project that strands fans in pregame traffic jams for hours.
The Reds increase hot dog prices to reflect a higher cost of buns.
Fans must pay a steep service charge in order to purchase tickets online or over the phone.

Correct Answer: A

Explanation:

Anything that effectively lowers the price of attending the Reds game increases CS.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: The market for Cincinnati Reds baseball tickets is currently in equilibrium. Which of the following events would most likely increase the consumer sur .... ived by Reds fans? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 22-4032.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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