In January 2017, the Cleveland Browns announced they were lowering ticket prices for their games. What impact would this have on the market for Browns tickets? O Lower ticket prices will increase the quantity demanded and cause a movement along the demand curve. O Lower ticket prices will decrease demand and shift the demand curve to the left. O Lower ticket prices will increase demand and shift the demand curve to the right. O Lower ticket prices will decrease supply and shift the supply curve to the right.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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In January 2017, the Cleveland Browns announced they were lowering ticket prices for their
games. What impact would this have on the market for Browns tickets?
O Lower ticket prices will increase the quantity demanded and cause a movement along the demand curve.
O Lower ticket prices will decrease demand and shift the demand curve to the left.
O Lower ticket prices will increase demand and shift the demand curve to the right.
O Lower ticket prices will decrease supply and shift the supply curve to the right.
Transcribed Image Text:In January 2017, the Cleveland Browns announced they were lowering ticket prices for their games. What impact would this have on the market for Browns tickets? O Lower ticket prices will increase the quantity demanded and cause a movement along the demand curve. O Lower ticket prices will decrease demand and shift the demand curve to the left. O Lower ticket prices will increase demand and shift the demand curve to the right. O Lower ticket prices will decrease supply and shift the supply curve to the right.
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