Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The HotShots Academy of Film over the past few years has increased the number of cinematography diploma positions available for prospective students. The price of

image text in transcribed
image text in transcribed
The HotShots Academy of Film over the past few years has increased the number of cinematography diploma positions available for prospective students. The price of each course in this cinematography diploma has also increased over the same period by $2000iyear. Which of the following statements are true: C] A decrease in demand for cinematography diplomas at HotShots would have resulted in them increasing prices each year and making more positions available. [7 There is a proportional relationship between quantity supplied and the price of HotShots' cinematography diplomas. C] HotShots could only have increased the number of positions available and decreased the price by increasing the supply of their cinematography diplomas. [_J The quantity supplied of HotShots' cinematography diplomas will denitely fall in the future

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-12

Authors: David D Busch, Tracie Nobles

11th Edition

1133710190, 978-1133710196

More Books

Students also viewed these Economics questions

Question

What role do hormone levels play in mood?

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago