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Cell6 Cell6
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A year ago
Scenario: Suppose Major League Baseball (MLB) is considering expansion to a U.S. city that currently does not have a MLB franchise. The league has compiled the following information on five cities viewed as the top contenders for an expansion franchise:



MLB decides Charlotte is the most attractive candidate to receive an expansion franchise and is contemplating how demographic and economic information is likely to affect demand to attend MLB games in Charlotte.


Refer to the scenario above. Household income is expected to grow by 5.5 percent per year in Charlotte. If MLB game attendance is a normal good, income growth will cause a(n) ________.

▸ increase in quantity demanded

▸ decrease in quantity demanded

▸ decrease in demand

▸ increase in demand
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Macroeconomics

Macroeconomics


Edition: 3rd
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bhturnerbhturner
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