26. It has been proposed that NBA league's revenue depends on demographics among other things. This hypothesis must be t

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answerhappygod
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26. It has been proposed that NBA league's revenue depends on demographics among other things. This hypothesis must be t

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26. It has been proposed that NBA league's revenuedepends on demographics among other things. This hypothesis must betested across all major cities in North America. This is knownas:
A. Committing an omitted variable bias.
B. Conducting robustness check
C. Ensuring perfect multicollinearity
D. Having high explanatory power
E. Strong prior beliefs.
27. Suppose Scotiabank Arena has a seating capacity of40,000 seats. Market demand for hockey tickets is given by𝑃=41000−0.9𝑄. What is the equilibrium price of a hockey ticket?(Note: The price doesn't have to be realistic.)
A. 500
B. 5000
C. 41000
D. 40000
E. 6200
28. Refer to Question 27, Suppose demand changes to𝑃=41,500−0.9𝑄. What is the change in market price?
A. 500
B. 5500
C. 0
D. 41000
E. 0.9
29. Refer to Question 29, which of the following wouldcause demand function to shift upwards?
A. Expand stadium capacity to 50,000.
B. Raising the NHL CEO's wages
C. Inflation
D. Having "Star" players at games.
E. Reducing stadium capacity to 30,000
30. Data shows that the younger generation isincreasingly more invested in eSports. Therefore, traditionalsports like Olympics, Wrestling, etc. had reductions in viewership.This is an example of
A. Substitution effect
B. Deductive reasoning
C. Inductive reasoning
D. Income effect
E. Digital Economics
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