Question

20. The new Las Vegas Raiders stadium holds around 80,000 seats. What is the shape of the supply curve for tickets to football
games at that stadium? Explain.
21. What would happen to the equilibrium price if the Las Vegas Raiders win the Super Bowl next year in their new stadium,
sketch on a correctly labeled graph (no numbers, you are just showing a market shift because of TRIBE or PEST)
22. Sketch the market shift to the US toilet paper market in the Spring of 2020.
23. Which part of TRIBE or PEST had shifted? Explain
24. Now look at your graph. Although it would have been unpopular, why would consumers have been better off if store raised
their prices 20% rather than keeping them relatively low?

Answer 1

Answer:

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22. Sketch the market shift to the US toilet paper market in the Spring of 2020.

23. Which part of TRIBE or PEST had shifted? Explain

24. Now