c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds attendance at professional baseball games. Soccer games Baseball games Soccer players Demand: 1-4 Demand: 1-4 Demand: 1-4 Supply: 1-4 Supply: 1- 4 Supply: Equilibrium T-4 price Equilibrium ↑ - price: Bquilibrium t- price: Equilibrium ↑- quantity: Bquilibrium t- quantity: *-4 Equilibrium quantity: 5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying more locally grown foods, How might this affect the Ontario apple market? XI XI

c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds attendance at professional baseball games. Soccer games Baseball games Soccer players Demand: 1-4 Demand: 1-4 Demand: 1-4 Supply: 1-4 Supply: 1- 4 Supply: Equilibrium T-4 price Equilibrium ↑ - price: Bquilibrium t- price: Equilibrium ↑- quantity: Bquilibrium t- quantity: *-4 Equilibrium quantity: 5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying more locally grown foods, How might this affect the Ontario apple market? XI XI

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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