Tyler likes to divide his entertainment between attending basketball games and attending football games. Two of his
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Tyler likes to divide his entertainment between attending basketball games and attending football games. Two of his indifference curves are shown in Figure EP-4. When football games are $25 and basketball games are $20, he chooses to attend 6 football games and 7 basketball games. This is shown in Indifference Curve 1 (IC1). The football team has been selling out every game, so they decide to raise the price to $45 a per game. At this new price, Tyler chooses to attend 2 football games and 8 basketball games. This is shown on Indifference Curve 2 (IC2).
a. Draw Tyler’s demand curve for football games.
b. What is the slope of the Tyler’s demand curve for football games?
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a b The slope of Tylers demand curve for football games is 5 We plot Tylers demand curve using in...View the full answer
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