1. Write a short response of your impressions, thoughts, and/or opinions on the following clips:

https://www.youtube.com/watch?v=JXyisZLObHc

https://www.youtube.com/watch?v=aNDj-H1jxV0

https://www.youtube.com/watch?v=PlKDQqKh03Y

https://www.youtube.com/watch?v=AKXKkeLQWac&t=10s

https://www.youtube.com/watch?v=1pzV9GoSuys

1. Suppose that the market demand for baseball players is perfectly inelastic (vertical) at 750 players. If the market supply increases due to an increase in the number of available international players, show using a graph how wages will change as a result.

1. Use a labor supply and labor demand graph to show why salaries in the NBA went down during the Great Recession. Explain why the curves moved the way they did.

1. Use a graphto show the effect on league salaries of:
   1. An increase in the number of players available
   2. A decrease in television revenues due to fan preferences for drama shows
   3. A minimum salary set above the equilibrium level.