Answer to Question #101433 in Microeconomics for Harpreet kaur

Question #101433

The ticket sales of the city’s professional football team have increased by the 30 percent while average ticket prices have risen by 50 percent. Do these changes imply an upward sloping demand curve? Explain.


1
Expert's answer
2020-01-21T07:38:04-0500

These changes doesn't imply an upward sloping demand curve, they just show that the demand for tickets increased and shifted rightwards, as a result both price and quantity demanded increased.


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