Asked by
Marsellina Purnawan
on Dec 11, 2024
Verified
In Atlanta, tickets for professional and college football games are substitutes. An increase in the ticket price for professional football, other things being equal, will
A) increase the demand for college football tickets.
B) decrease the demand for college football tickets.
C) not change the demand for college football tickets.
D) decrease the demand for professional football games.
Substitutes
Products or services that can be used in place of each other, satisfying the same needs or wants.
- Investigate the role of complementary and substitute goods in shaping demand.
Verified Answer
MR
Learning Objectives
- Investigate the role of complementary and substitute goods in shaping demand.