Question
The face value of a ticket to Super Bowl was approximately $1,200 in 2009. The game is very popular and there are a number of
The face value of a ticket to Super Bowl was approximately $1,200 in 2009. The game is very popular and there are a number of fans who are not able to get tickets to this game. At the same time, many fans claim that prices are too high and that the NFL should lower the face value of the ticket prices. Would a decrease in ticket prices move the market towards equilibrium? Would it eliminate the shortage of tickets? Why or why not?
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Lowering the ticket prices would not move the market towards equilibrium The fact that there is ...
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Money, Banking, Financial Markets and Institutions
Authors: Michael Brandl
1st edition
538748575, 9781305855885 , 978-0538748575
