Elsa purchased outdoor concert tickets about two months ago. today is the concert, but it is raining out, meaning elsa would have to purchase rain gear if she still wants to go. why is elsa still likely to be persuaded to attend the concert?

Sunk cost

Explanation:

The cost that is invested and cannot be recovered is known as the sunk cost. This influences the behavior of a person

Elsa purchased a ticket to a concert but it turns out that at the day of the concert there is rainfall. The cost of the ticket cannot be recovered. It does not matter whether it is raining or not. If she does not go to the concert that money will be lost. She would spend more money in order to attend the concert by buying rain gear.

Hence, the reason why Elsa would be motivated to go is sunk cost.

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu