Tuesday, February 8, 2011

Super Bowl Ticket Demand

As the Super Bowl was drawing closer last week, the demand for Super Bowl tickets was heating up (or in Prin. of Micro terms - shifting to the right). As the supply and demand model predicts, as the demand for a good or service (such as Super Bowl tickets) increases, so does the price. Since the supply of Super Bowl tickets is remaining constant, here we have a clear indication that the change in the ticket price is fully reflected in the change (increase) in the demand for Super Bowl tickets.

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