Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Appendix - Disscussion Questions - Page 28: 2

Answer

Inverse graphical relationship. This is not consistent with the fact that, historically, park attendance and ticket prices have both risen.

Work Step by Step

1) The graph has a downsloping curve as the ticket prices and the number of people choosing to visit amusement parks move in opposite directions. 2) It is not consistent with the fact that, historically, park attendance and ticket prices have both risen. This means the ticket prices and the number of people choosing to visit amusement parks move in the same direction so they would have a direct graphical relationship.
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