The Chicago Cubs were a founding member of the National League in 1876. The Chicago White Sox were a founding member of

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answerhappygod
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The Chicago Cubs were a founding member of the National League in 1876. The Chicago White Sox were a founding member of

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The Chicago Cubs were a founding member of the National Leaguein 1876. The Chicago White Sox were a founding member of theAmerican League which was formed later in 1901. Assume that thedemand curve for Cubs tickets was relatively elastic.
What likely happened to the demand for Cubs tickets when the WhiteSox became a team in 1901? Make sure you address what shiftlikely occurred (up or down), and what happens to the slope of thedemand curve (flatter or steeper).
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