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In July 2015, Beijing was selected by the International Olympic Committee as the host city of the 2022 Winter Olympics. The Beijing government is implementing several projects that will affect the demand and supply of the winter sport facilities. A variety of winter sports facilities will be built in Beijing for citizens to use. In the meanwhile, the city has implemented several promo tional programs in schools, business districts and parks to encourage people to join winter sports. Are these two actions at odds with the goal of encouraging people's participation in winter sports? As part of your answer, illustrate graphically the effects of both actions on the market for winter sport facilities.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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