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2. (6) What is the fan cost index price elasticity for each sport (MLB, NFL and NBA)? The fan cost index (FCI) includes the cost

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2. (6) What is the fan cost index price elasticity for each sport (MLB, NFL and NBA)? The fan cost index (FCI) includes the cost of a hat, soda, hotdog and parking. Explain why the FCI elasticity and the ticket price elasticity are so different. What is the interpretation of the FCI elasticity? [FYI: Use column A for each sport in table 2 to calculate Fan Cost Index elasticity]

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