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Economic News You Can Use: Week of April 10th
Updated twice weekly, the link below provides current economic news that you can use in the classroom to illustrate key economic principles.


Baseball Ticket Prices (04/14)

"Baseball fans love to blame players' multi-million dollar salaries for rising ticket prices. They're wrong."

Discuss how a condition of scarcity or limited supply of seats may drive up baseball ticket prices. If baseball ticket price is inelastic in relation to its relative price changes then would total revenue of Oakland Athletics increase if the number of available seats are reduced futher at McAfee Statium (Seating)?

    

    


Archive Link
Click here to access all of the previous bi-weekly links.



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