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In These Cases, Explain What Happens to Demand or Quantity

Question 165

Essay

In these cases, explain what happens to demand or quantity demanded and how the change would be shown on a graph of the demand schedule.
I. Assuming that tickets to an MLB game are normal goods, what is the effect of an increase in the incomes of MLB fans?
II. Assuming that DAZN and ESPN prime are substitutes, what happens if the price of DAZN subscriptions increases?
III. Assuming that data plans and cell phones are complements, what happens if the price of data plans decreases?

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