1/ False. An increase in the incomes of baseball fans in New York leads to a shift the
demand curve for Yankees tickets to the right
2/ If a hot dog vendor on a street c ner experiences an increase in total revenue after or
lowering the price of a hot dog then the demand for the hot dogs must be elastic
True.
3/ False
4/ True.
Because Perfect Competition, there are countless businesses in the market, so the
behavior of one business does not affect other businesses. Meanwhile, the Oligopoly
consists of only a few large enterprises in the market, so the behavior of those businesses
affects each other.
THẦY BẢO
THẦY BẢO – ESOM K65
CODE 1
CODE 3

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1/ False. An increase in the incomes of baseball fans in New York leads to a shift the
demand curve for Yankees tickets to the right
2/ If a hot dog vendor on a street corner experiences an increase in total revenue after
lowering the price of a hot dog then the demand for the hot dogs must be elastic True. 3/ False 4/ True.
Because Perfect Competition, there are countless businesses in the market, so the
behavior of one business does not affect other businesses. Meanwhile, the Oligopoly
consists of only a few large enterprises in the market, so the behavior of those businesses affects each other. THẦY BẢO
THẦY BẢO – ESOM K65 CODE 1 CODE 3