Tyler likes to divide his entertainment between attending basketball games and attending football games. Two of his indifference curves are shown in Figure EP-4. When football games are $25 and basketball games are $20, he chooses to attend 6 football games and 7 basketball games. This is shown in Indifference Curve 1 (IC1). The football team has been selling out every game, so they decide to raise the price to $45 a per game. At this new price, Tyler chooses to attend 2 football games and 8 basketball games. This is shown on Indifference Curve 2 (IC2).a. Draw Tyler’s demand curve for football games.b. What is the slope of the Tyler’s demand curve for football games?
Tyler likes to divide his entertainment between attending basketball games and attending football games. Two of his indifference curves are shown in”
by | Mar 12, 2022 | Uncategorized
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