Food prices in sports stadiums are notoriously high because there is a limit on the number

of vendors that can operate in the stadium, which is a barrier to entry. In 2017, the Atlanta

Falcons, an American football team, lowered the barriers to entry by allowing more food

vendors into their stadium. If the market for food in the stadium follows our perfect market

assumptions, what might you expect happened after this change? Do not worry about the

underlying facts of each statement, only whether it makes economic sense given our model.

(Select one or more.)

(a) The price of food in the stadium decreased because of an increase in supply.

(b) The price of food in the stadium decreased because of an increase in demand.

(c) The quantity of food sold decreased because of a movement of the supply curve.

(d) The quantity of food sold increased because of a movement along the demand curve.

(e) Profit per vendor decreased because of lower food prices.

(f) Profit per vendor increased because of greater demand.

(g) Consumer surplus in the stadium food market increased because of lower food prices.

(h) Consumer surplus in the stadium food market decreased because of greater competition.

(i) Ticket sales increased because tickets and food are complements, and the food price fell.

(j) Ticket sales increased because tickets and food are substitutes, and the food price fell.