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Which of the following examples deals with price, with the allocation of goods a

ID: 1143449 • Letter: W

Question

Which of the following examples deals with price, with the allocation of goods and services, and also with demand and supply?
All of these Lodging in Phoenix may cost twice as much in the winter as in the summer. People will pay scalpers many times the face value of a ticket to a popular show. Lodging in Colorado may cost much more in the winter than in the summer. Customers in a crowded restaurant may slip the headwaiter some money in order to be seated more quickly. Which of the following examples deals with price, with the allocation of goods and services, and also with demand and supply?
All of these Lodging in Phoenix may cost twice as much in the winter as in the summer. People will pay scalpers many times the face value of a ticket to a popular show. Lodging in Colorado may cost much more in the winter than in the summer. Customers in a crowded restaurant may slip the headwaiter some money in order to be seated more quickly. All of these Lodging in Phoenix may cost twice as much in the winter as in the summer. People will pay scalpers many times the face value of a ticket to a popular show. Lodging in Colorado may cost much more in the winter than in the summer. Customers in a crowded restaurant may slip the headwaiter some money in order to be seated more quickly. All of these

Explanation / Answer

when demand is up, and/or supply is less the price will be more
HENCE,

"All of these"

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