Refer to the Front Page to answer three questions. FRONT PAGE March Madness Becomes Sadness Ticket prices for the college basketball championships always skyrocket when the 68-team draw is announced. And they jump even further as the Final Four teams emerge. The year 2020 was no different. The 700 floor seats that are sold to students for $40 apiece were already reselling for as much as $4,670 in early January. If the history of March Madness is a guide, those tickets could have sold for more than $10,000 each once the Final Four teams were known. In 2020, however, there wasn't a Final Four: Fear of the coronavirus convinced the NCAA to cancel that year's tournament. The only madness was among those fans that paid scalpers' prices for tickets that got only $40 refunds. Source: Media reports, March 10-14, 2020. Instructions: Enter your response as a whole number. a. What was the initial student price of a ticket to the NCAA finals? $ per ticket b. In January 2020, there was (Click to select) of tickets. c. In March 2020, there was (Click to select) of tickets.
Refer to the Front Page to answer three questions. FRONT PAGE March Madness Becomes Sadness Ticket prices for the college basketball championships always skyrocket when the 68-team draw is announced. And they jump even further as the Final Four teams emerge. The year 2020 was no different. The 700 floor seats that are sold to students for $40 apiece were already reselling for as much as $4,670 in early January. If the history of March Madness is a guide, those tickets could have sold for more than $10,000 each once the Final Four teams were known. In 2020, however, there wasn't a Final Four: Fear of the coronavirus convinced the NCAA to cancel that year's tournament. The only madness was among those fans that paid scalpers' prices for tickets that got only $40 refunds. Source: Media reports, March 10-14, 2020. Instructions: Enter your response as a whole number. a. What was the initial student price of a ticket to the NCAA finals? $ per ticket b. In January 2020, there was (Click to select) of tickets. c. In March 2020, there was (Click to select) of tickets.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...
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