4. Suppose that a group of die-hard sports fans is upset about the high price of tickets...

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4. Suppose that a group of die-hard sports fans is upset about the high price of tickets to many games. As a result of their lobbying efforts, a new law caps the maximum ticket price to any sporting event at $50. Will more people be able to attend the games? Explain your answer. Will certain teams and events be affected more than others? Provide examples.

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Principles Of Microeconomics

ISBN: 9780393935769

1st Edition

Authors: Dirk Mateer, Lee Coppock

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