Illustrate graphically and state what will happen to equilibrium price and quantity in each of the following markets. As

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answerhappygod
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Illustrate graphically and state what will happen to equilibrium price and quantity in each of the following markets. As

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Illustrate graphically and state what will happen to equilibrium price and quantity in each of the following markets.
Assume a competitive market and an upward sloping supply curve.
a.​Football Tickets: A lockout occurs and shortens the # of games in the season. (Fans are not disgruntled)
b.​Griffins Tickets: Red Wings ticket prices fall. (Assume Griffins and Red Wings games are substitutes.)
c.​Griffins Tickets: Population in Grand Rapids, MI surges rapidly.
d.​Basketball Tickets: A players strike occurs that causes fans to be disgruntled once the season resumes.
e.​Food inside a stadium: The cost of renting space in the stadium increases.
f.​Single A Baseball: Stadium Management groups offer dollar beer and dollar hot dog specials.
g.​Single A Baseball (an inferior good): The income of consumer’s increases.
j.​Tom Brady Jerseys: Brady wins the Superbowl (again).
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