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.
Question 2
State legislators who wanted to eliminate state regulation of the trucking industry would be most likely to find support among
A) business owners who must pay higher prices for deliveries as a result of the regulations.
B) owners and managers of large trucking concerns.
C) owners of small trucking concerns.
D) unions that represent truck drivers.
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