6) Dodger Baseball!!!! : The Dodgers will host the 2020 MLB All Star Game! Fans are ECSTATIC. Also, the Dodgers will expand seating by 10,000 in the CF Pavilion area. How will that shift the supply and demand curves for Dodger tickets? a. Graph the situation with price of Dodger tickets and quantity of Dodger tickets. Use BLACK for supply, BLUE for demand. Label supply as Sj and S2 and demand as D. and D2. b. Using your knowledge of the laws of supply and demand, explain the shift(s) that have been made in your graph and describe what happened to the equilibrium price and quantity (3-4 bullet points). Make sure to include the either the 8 determinants of demand or 5 determinants of supply. Label the equilibrium points CLEARLY! c. Add a picture of the Dodgers.
6) Dodger Baseball!!!! : The Dodgers will host the 2020 MLB All Star Game! Fans are ECSTATIC. Also, the Dodgers will expand seating by 10,000 in the CF Pavilion area. How will that shift the supply and demand curves for Dodger tickets? a. Graph the situation with price of Dodger tickets and quantity of Dodger tickets. Use BLACK for supply, BLUE for demand. Label supply as Sj and S2 and demand as D. and D2. b. Using your knowledge of the laws of supply and demand, explain the shift(s) that have been made in your graph and describe what happened to the equilibrium price and quantity (3-4 bullet points). Make sure to include the either the 8 determinants of demand or 5 determinants of supply. Label the equilibrium points CLEARLY! c. Add a picture of the Dodgers.
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 24P
Related questions
Question
![6) Dodger Baseball!!!! : The Dodgers will host the 2020 MLB All Star Game! Fans are
ECSTATIC. Also, the Dodgers will expand seating by 10,000 in the CF Pavilion area. How
will that shift the supply and demand curves for Dodger tickets?
a. Graph the situation with price of Dodger tickets and quantity of Dodger tickets. Use
BLACK for supply, BLUE for demand. Label supply as Sj and S2 and demand as Di
and D2.
b. Using your knowledge of the laws of supply and demand, explain the shift(s) that have
been made in your graph and describe what happened to the equilibrium price and
quantity (3-4 bullet points). Make sure to include the either the 8 determinants of
demand or 5 determinants of supply. Label the equilibrium points CLEARLY!
c. Add a picture of the Dodgers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c8f60c8-0e6b-4dfd-8761-02961214ab97%2F97c2b816-6f77-406b-8a77-c83ef79c97b2%2Fq596vfs_processed.png&w=3840&q=75)
Transcribed Image Text:6) Dodger Baseball!!!! : The Dodgers will host the 2020 MLB All Star Game! Fans are
ECSTATIC. Also, the Dodgers will expand seating by 10,000 in the CF Pavilion area. How
will that shift the supply and demand curves for Dodger tickets?
a. Graph the situation with price of Dodger tickets and quantity of Dodger tickets. Use
BLACK for supply, BLUE for demand. Label supply as Sj and S2 and demand as Di
and D2.
b. Using your knowledge of the laws of supply and demand, explain the shift(s) that have
been made in your graph and describe what happened to the equilibrium price and
quantity (3-4 bullet points). Make sure to include the either the 8 determinants of
demand or 5 determinants of supply. Label the equilibrium points CLEARLY!
c. Add a picture of the Dodgers.
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