In each of the following scenarios relating to the market, Ask an Expert

Economics

In each of the following scenarios relating to the market for the NBA League Pass (an add-on cost to watch more NBA games than from regular cable TV), illustrate the relevant demand and supply curve analysis, designating the original equilibrium price and quantity, P1 and Q1 and the final position’s equilibrium P2 and Q2. Then state, in a sentence, the results of the analysis

a) With the rise of sites like FanDuel & Draft Kings, the popularity of fantasy basketball significantly increases.

b) The NBA suggests there may be a lockout (and games during the lockout would not be played) in the upcoming season over a labor dispute.

c) Three new TV cable providers make a deal with the NBA in order to be able to include the NBA League Pass into their package options.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708558

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