SCENARIO 3: Events prior to the 1995 baseball season, including a threatened "lockout" by owners if the players decided to end their strike, likely had a great effect on attendance at baseball games. Consider in this scenario market attendance as a measure of quantity and ticket prices as the measure of price.
-Refer to Scenario 3. Graphically illustrate the effect of both fan dissatisfaction and shorter seasons. What effect will these changes have on price and quantity?

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The Answer of SCENARIO 3: Events prior to the 1995 baseball season, including a threatened "lockout" by owners if the players decided to end their strike, likely had a great effect on attendance at baseball games. Consider in this scenario market attendance as a measure of quantity and ticket prices as the measure of price.
-Refer to Scenario 3. Graphically illustrate the effect of both fan dissatisfaction and shorter seasons. What effect will these changes have on price and quantity?

SCENARIO 3: Events Prior to the 1995 Baseball Season, Including