Question: One day, a local theme park charges $ 4 0 per person for admission, and 1 0 , 0 0 0 people visit the park.
One day, a local theme park charges $ per person for admission, and people visit the park. On asodher day, the park charges $ per person, and people puy to enter the park.
Which explanation best describes why the park sees an increase in attendunce whes the price is hipher?
The lowattendunce duy falls on an auturn Wednesday, while the highattendance day falls on a summer Saturday.
Themepark tickets are part of a rare class of goods which do not follow the Law of Demand.
The higher price gives the park an incestive so expund capacity and permit more visitos.
High prioes signal a high quality park esperience.
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