There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There were about 70,000 people on the waiting list to buy season tickets in 2010

Packers tickets are a normal good. As a result of the economic recession in 2010 during which people's incomes decreased, the A) demand for Packers tickets decreased.
B) demand curve for Packers tickets shifted rightward.
C) quantity demanded of Packers tickets decreased.
D) substitution effect changed the quantity demanded.

A

Economics

You might also like to view...

Which of the following is not an automatic stabilizer:

a. Business profits taxes. b. Welfare payments. c. Government spending for new bridges and roads. d. All of the above are examples of automatic stabilizers.

Economics

Which of the following countries has had the more successful transition?

a. Poland b. Russia c. Kazakstan d. Georgia e. Kyrgystan

Economics