There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There are about 80,000 people on the waiting list to buy season tickets in 2008. As a result of the economic slowdown in 2008 and the effect on people's incomes, we would expect
A) demand for Packers tickets to decrease.
B) demand curve for Packers tickets to shift rightward.
C) the substitution effect to change the quantity demanded.
D) the quantity demanded of Packers tickets to decrease.
Correct Answer:
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Q463: C Q464: In 2007 Nike reduced the price of Q465: Q467: In 2007, the price of a used Q468: If good growing conditions increase the supply Q469: In July 2008, gas prices rose as Q470: There are 72,922 seats in Lambeau Field Q471: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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