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Baseball spring training returned (post Covid-19) to Arizona (and Florida) in February 2021. But due to COVID-19 considerations, some changes were evident at the various
Baseball spring training returned (post Covid-19) to Arizona (and Florida) in February 2021. But due to COVID-19 considerations, some changes were evident at the various sites in terms of the buying and selling of tickets. There were restrictions on the number of tickets that could be sold (due to required social distancing), averaging around 25% of normal capacity for most sites. in addition, our model will assume that while attending baseball games is still popular, a certain portion of fans stayed away from in-person games due to concerns about virus transmission. Using a graph (or graphs), and Economics notation (appropriate letters, subscripts, arrows, etc. as used in class), show a normal pre-COVID equilibrium condition--THEN show the likely changes to the graph based on what is described in the paragraph above. Next, write-and show with Economics notation--the likely final effect on Demand, Supply, Price, and Quantity--based on principles studied in class. If the effect for any of these cannot be determined, show that in your notation and explain why
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