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Suppose that students at Big University buy season football tickets at the beginning of the fall semester. Everyone expects that the team will have a great season. Students sell individual tickets throughout the season in a competitive market. They can sell tickets to later games (more exciting match-ups) immediately or wait for the game day to approach. If they think the team will have a great season, what will happen in the market for Big University football tickets today?

Respuesta :

Answer: The current supply will shift to the left

Explanation: Supply shifts occur when expectations change (i.e. the team is expected to do well, so there is an increase in demand and a decrease in supply, causing the supply curve to shift to the left).

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