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Kyuubi Kyuubi
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6 years ago
When the price of ski lift tickets rises, people take fewer ski vacations to Whistler B.C. If L = the price of lift tickets, and V = vacations to Whistler B.C., then V = f (L). Suppose that in addition to the price of lift tickets, the number of vacations to B.C. also depends on resort prices (R). In this case, the correct notation is: V= f (L.R).

True or False?
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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wrote...
6 years ago
TRUE
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