Multiple Choice
The arrival of Michael Jordan, Larry Bird, and Magic Johnson in the 1980s increased the popularity of professional basketball.What changes occurred in the market as a result?
A) an increase in the equilibrium quantity of professional basketball
B) a decrease in the equilibrium quantity of professional basketball
C) a decrease in the price of professional basketball tickets
D) a decrease in professional basketball players' salaries
Correct Answer:
Verified
Correct Answer:
Verified
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