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PartA The diagram below shows the demand for match tickets by Chelsea supporters and the supply of tickets in Estadio do Drag'z'io Stadium in Porto,
PartA The diagram below shows the demand for match tickets by Chelsea supporters and the supply of tickets in Estadio do Drag'z'io Stadium in Porto, Portugal for the nal in the European Champions League in 2021. G) 6) Demand i. Copy the above diagram into your answer book. Label each of the lines 1 to 3. [9] ii. Show on your diagram: - The equilibrium price of the match tickets (please label as P1) [3] - The equilibrium quantity traded of the match tickets (please label as Q1) [3] iii. Explain the relationship between the price of the tickets and the supply of tickets as shown on your diagram. [5] [20 marks] Part B Assume the demand for these match tickets in the Champion League Final shifts to the light as shown below: Demand 2 i. State and explain TWO possible reasons why the demand curve for these match tickets may shift to the right as illustrated above. [8] Explain the effect of this shift in the demand curve has on the equilibrium price. [3] State ONE complementary good for these match tickets [3] and explain the effect on the demand for this complementary good if the demand for these match tickets continues to increase. [6] [20 marks]
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