In the market for Philadelphia Phillies baseball tickets, a determinant of supply would be ______ while demand determinants would include _____________.   The price of the tickets; household wealth in the Philadelphia area. Input costs and consumer tastes; the level of competition in the ticket-selling industry. The price of substitutes for these tickets; the price of tickets. The price of parking at Phillies baseball games; the number of sellers of competing sporting events in the area. A and C only

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3PA: Consider the market for minivans. For each of the events listed here, identify which of the...
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3. In the market for Philadelphia Phillies baseball tickets, a determinant of supply would be ______ while demand determinants would include _____________.

 

  1. The price of the tickets; household wealth in the Philadelphia area.
  2. Input costs and consumer tastes; the level of competition in the ticket-selling industry.
  3. The price of substitutes for these tickets; the price of tickets.
  4. The price of parking at Phillies baseball games; the number of sellers of competing sporting events in the area.
  5. A and C only

 

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