In the market for Philadelphia Phillies baseball tickets, a determinant of supply would be ______ while demand determinants would include _____________. The price of the tickets; household wealth in the Philadelphia area. Input costs and consumer tastes; the level of competition in the ticket-selling industry. The price of substitutes for these tickets; the price of tickets. The price of parking at Phillies baseball games; the number of sellers of competing sporting events in the area. A and C only
In the market for Philadelphia Phillies baseball tickets, a determinant of supply would be ______ while demand determinants would include _____________. The price of the tickets; household wealth in the Philadelphia area. Input costs and consumer tastes; the level of competition in the ticket-selling industry. The price of substitutes for these tickets; the price of tickets. The price of parking at Phillies baseball games; the number of sellers of competing sporting events in the area. A and C only
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 4.8P
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3. In the market for Philadelphia Phillies baseball tickets, a determinant of supply would be ______ while demand determinants would include _____________.
- The price of the tickets; household wealth in the Philadelphia area.
- Input costs and consumer tastes; the level of competition in the ticket-selling industry.
- The price of substitutes for these tickets; the price of tickets.
- The price of parking at Phillies baseball games; the number of sellers of competing sporting events in the area.
- A and C only
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