Ask Question
14 June, 00:37

Suppose that students at Big University buy season football tickets at the beginning of the fall semester. Everyone expects that the team will have a great season. Students sell individual tickets throughout the season in a competitive market. They can sell tickets to later games (more exciting match-ups) immediately or wait for the game day to approach. If they think the team will have a great season, what will happen in the market for Big University football tickets today?

+1
Answers (1)
  1. 14 June, 02:54
    0
    Answer: The current supply will shift to the left

    Explanation: Supply shifts occur when expectations change (i. e. the team is expected to do well, so there is an increase in demand and a decrease in supply, causing the supply curve to shift to the left).
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that students at Big University buy season football tickets at the beginning of the fall semester. Everyone expects that the team ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers