Quantity demanded in the absence of the storm

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Reference no: EM131424562

A heavy snowstorm is predicted to occur in Boston on the same night as the city’s professional basketball team is playing a game. The snowstorm, if it occurs, will make it difficult for people to drive into the city. In anticipation of lower demand, the arena lowers the prices of tickets to the game. When compared to quantity demanded in the absence of the storm and the price change, the new quantity demanded:

1) will definitely be lower than before.

2) will definitely be higher than before.

3) will be the same as before.

4) cannot be determined.

Reference no: EM131424562

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