Sonya loves the “Escape Room” and she has already gone five…

Sonya loves the “Escape Room” and she has already gone five times this week. Her sister Alya is asking her to go with her for what would be Sonya’s sixth time. Assuming that Sonya is rational and that her dollar measure of this sixth time is $30, Sonya will choose to go under which of the following scenarios?i. The dollar measure of the cost of this sixth time is $50.ii. The dollar measure of the cost of this sixth time is $30.iii. The dollar measure of the cost of this sixth time is not greater than $30.

Consider the market for Uber rides in New York City. Suppose…

Consider the market for Uber rides in New York City. Suppose consumers’ income decreases and that, as a result, the equilibrium price decreases and the equilibrium quantity remains unchanged. Which of the following is a possible explanation for why this happened?