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Suppose the secondary student ticket market for Badger football tickets is competitive. Ticketholders are the suppliers, and choose to either attend the game themselves or supply the ticket in the market. Non-ticketholders demand tickets. The secondary student ticket market refers to the re-selling of football tickets from the initial owner of the ticket to a new owner.

Given the above information, please answer the following questions:

a) Give an example of an event that would shift the demand curve for secondary tickets to the Badger football game leftward. Explain your reasoning.

b) Give an example of an event that would shift the supply curve for secondary tickets to the Badger football game rightward. Explain your reasoning.

Microeconomics, Economics

  • Category:- Microeconomics
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