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Draw a graph that shows the demand for attendance

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1. Write a short response of your impressions, thoughts, and/or opinions on the following clip:https://www.youtube.com/watch?v=zsEVI_ptqw4

2. Are the New York Yankees correct when they claim that revenue sharing simply rewards teams that do not try to win?3.Suppose that each team in a league has a demand curve for a league-wide, non-team-specific campaign equal to Q=1,000-5p. If there are 20 teams in the league, and the price of an ad is $175, how many ads will teams want to purchase as a group?

3. Draw a graph that shows the demand for attendance at a given game at an NFL stadium. Show how this demand would be affected if:

a. The prices of parking and food at the games increase.

b. Televised games switch from free TV to pay-per-view only.

c. A new league forms with a team that plays nearby.

d. The quality of the team decreases dramatically.

e. The length of the season is increased.

Reference no: EM133082842

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