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 students selling individual tickets think the team will have a great season, what will happen in the market for Big University football tickets today, the beginning of the fall semester?
a) The current supply will shift to the left.
b) The current quantity supplied will decrease.
c) The current quantity supplied will increase.
d) The current supply will increase.

Question

18-06-2024
Mathematics

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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 students selling individual tickets think the team will have a great season, what will happen in the market for Big University football tickets today, the beginning of the fall semester?
a) The current supply will shift to the left.
b) The current quantity supplied will decrease.
c) The current quantity supplied will increase.
d) The current supply will increase.

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