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June 7th, 2022

I need an explanation for this Economics question to help me study.

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Read two articles and answer the questions afterward for a classroom discussion, which will review previously seen topics. Write down your answers to the questions in preparation for class, but be willing to go back and reevaluate your opinions based on the economics of the topics if your thoughts differ from those in class.

https://www.cnn.com/travel/article/disneyland-price-increase-2019/index.html (Links to an external site.)

https://www.orlandoweekly.com/Blogs/archives/2019/09/23/walt-disney-world-axes-orlando-performers-as-prices-rise-and-attendance-lags (Links to an external site.)

1. Do you think people want to ride the new Star Wars exhibit?

2. Do you think people will still want to visit Disney world even with fewer performers?

3. What economic concept suggests the rational aspect of Disney price hikes in these articles? Explain your answer.

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