Question

Grad Nite attendance is now mandatory, therefore Mrs. Edwards increases the price of Grad Nite tickets

the supply for Grad Nite tickets decreases because of the increase in the number of sellers.
the supply for Grad Nite tickets decreases because there is a decrease in resources.
the supply for Grad Nite tickets decreases because there are more regulations.
the quantity supplied for Grad Nite tickets increases as the price increases.
the quantity supplied for Grad Nite tickets decreases because the price increases.

Answer 1

Here is the right option: the quantity supplied for Grad Nite tickets increases as the price increases. Graduate night attendance has become compulsory, which means that those who did not plan to attend before will now be forced to attend, this will automatically increase the demand for the Grad tickets because more people are planning to attend. Although the price of the ticket has increase, students will still be forced to buy it like that because attendance is mandatory. To increase their profits, the ticket manufacturers will produce more tickets, so the quantity of ticket supplied will increase. Thus, the correct option is D.