Suppose the attendance for St. Louis Blues hockey games goes down after the St.
ID: 1149464 • Letter: S
Question
Suppose the attendance for St. Louis Blues hockey games goes down after the St. Louis Rams football team exits the St. Louis market. Which of the following would be the most likely 'economic' explanation of this? A reduction in the availability of a substitute product normally decreases D. Spurious correlation, meaning there were other D factors causing the attendance decline Irate Rams fans are taking it out on the Blues. A St. Louis Blues hockey game is an inferior product. Reverse causation 1. a. b. c. d. e.Explanation / Answer
The correct answer to this question is "B".
A reduction in the availability of substitute product normally increases the demand for the product, the first option is wrong. The third option is not an economic cause or an economic explanation. The fourth option says that the blues hockey game is an inferior product, if that was the case it demand would have been low always not after the exit of another team. The fifth option of reverse causation it would have happened other way round i.e. on the exit of football team hockey would have received more viewers. The correct answer to this question is option B. there could be other factors affecting the crowd in that hockey match.
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