Multiple Choice
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:
Verified
Correct Answer:
Verified
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