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25 May, 05:52

When the price of football tickets increases, the substitution effect decreases the number of tickets bought from?

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  1. 25 May, 06:10
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    It will bought from higher quantity to lower quantity

    When the price of the tickets increases, a number of people who can buy it will decrease which resulted in lower quantity of the total sales.

    The only consumer segments that wouldnt be affected by the price changes probably only the loyal fans that basically will follow their teams wherever they go.
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