Answer to Question #237927 in Finance for kay

Question

What causes the price of Super Bowl tickets to change from year to year AND as it gets closer to the game? Use specific evidence from the text to support your list. Demand Causes Supply Causes

Answer 1

Demand as well as a supply usually set Super Bowl tickets' price to change. When the game is close, the demand for the tickets usually rise going more than the supply. This makes the price to rise more than expected. Huge increase in price comes when customers have more interest in the tickets, which happens as games approach. When the supply is also low, this makes the price to increase considering the remaining tickets.