Attempts: Score: /1 2. Public interest and price changes When the price of a goo

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Attempts: Score: /1 2. Public interest and price changes When the price of a good increases, it undoubtedly hurts individual consumers, since they now have to pay more for a particular good. However, there are some cases in which a price increase can actually serve the public interest which of the following is an example of a price increase that serves the public interest? Check ai that app The Pentagon pays $435 for a hammer because of a bureaucratic procurement process. The price for a hunting license is increased in an effort to reduce the number of hunters. Depletion of oil resources causes the price of gas to increase, reducing the consumption of gasoline. ave&Continue; Continue without saving

Explanation / Answer

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Because when the price of hammer increases , there will less noise pollution and thus it increase public interest .When price for a hunting license increase, the demand for license descreased which ultimate reduced the number of hunters and animals killed in hunting thus it will increase public interest. When the price of gas increases, the demand for gas decreases and thus quantity demanded also reduces which is good for public interest as these resources are limited ,exhaustion of these resources could become difficult for future generations to survive. Thus public interest would increase.

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