Holding all else constant, a higher price for ski lift tickets would be expected to: a. increase the number of skiers b. decrease ski sales c. decrease the demand for other winter recreational activities d. decrease the supply of ski resorts

Option (b) is correct.

Explanation:

The law of demand states that there is a negative relationship between the price of the product and the quantity demanded for the product. This means that as the price of ski lift tickets increases then as a result the quantity demanded for ski tickets decreases. Alternatively, if there is a fall in the price of ski tickets then as a result the quantity demanded for sky tickets increases.

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

answer; /// i believe the answer is (insider trading)