Suppose the football team at your university is wins 10 games in a row.The following will be a possible outcome of this event in the market for football tickets:
A) The equilibrium price and the equilibrium quantity will increase
B) The equilibrium price and the equilibrium quantity will decrease
C) The equilibrium price will increase and the equilibrium quantity will decrease
D) The equilibrium price will decrease and the equilibrium quantity will increase
Correct Answer:
Verified
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B)2
C)3
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