c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds attendance at professional baseball games. Soccer games Baseball games Soccer players Demand: 1-4 Demand: 1-4 Demand: 1-4 Supply: 1-4 Supply: 1- 4 Supply: Equilibrium T-4 price Equilibrium ↑ - price: Bquilibrium t- price: Equilibrium ↑- quantity: Bquilibrium t- quantity: *-4 Equilibrium quantity: 5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying more locally grown foods, How might this affect the Ontario apple market? XI XI

c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds attendance at professional baseball games. Soccer games Baseball games Soccer players Demand: 1-4 Demand: 1-4 Demand: 1-4 Supply: 1-4 Supply: 1- 4 Supply: Equilibrium T-4 price Equilibrium ↑ - price: Bquilibrium t- price: Equilibrium ↑- quantity: Bquilibrium t- quantity: *-4 Equilibrium quantity: 5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying more locally grown foods, How might this affect the Ontario apple market? XI XI

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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