EconomicsBy Phillip / May 22, 2022 Please choose a question below and type your answer in the built-in text editor. You only need to select one question from the list below: In what ways do economists and policymakers—those who believe that market-based reforms are the key to improving the health care system—criticize the Patient Protection and Affordable Care Act (ACA)? Why do corporate boards of directors sometimes link top managers’ compensation to the corporations’ stock prices? How might tying compensation too closely to stock prices create an incentive for corporate fraud? You are the manager of a theater. At present, the theater charges the same admission price of $8 to all customers, regardless of age. You propose a two-tier pricing scheme: $5 for children under the age of 12 and $10 for adults. You tell your supervisor that your proposal is likely to increase revenue. What must be TRUE about the price elasticity of demand if your proposal is to achieve its goal of raising revenue? Explain your answer.
