Q HONOR CODE Agreement of terms for participations in Economics 101 By registering in an online course, you agree to: ????? • Complete all papers assessments, and other assignments with your own work and only your own work. • You will not submit the work of any other person. • You will not post answers to problems that are being used to assess student performance • You will not copy or share assignments with any web sites. • When you hand in written work for a grade, it must be your own work and not copied from another student or from a book, magazine, Internet, etc. When you take an online quiz, you may use notes but you may not copy from other students. • Academic dishonesty will lead to a failing course grade and possibly dismissal from school. Therefore, if you don't understand these rules, please discuss them with me before you hand in written work.

Q 1. Explain why football tickets are considered to be Normal Goods? (10 points)2. a) Explain the difference in demand between the corporate buyer and the regular fan.b) How did improved broadcasting impact the demand for live game attendance. A graph would be great but not a must. You can copy and paste graphs from google images if you can’t draw them. 3. Based on the information in the article: Is the demand for baseball tickets ELASTIC or INELASTIC?4. Give 1 example from the articles to back up your answer. (10pts) 5. Explain how the opportunity cost of attending baseball game will change with the new pricing. (10 points) 6. Read the article above and then using your knowledge of elasticity to explain why the stadium/teams decided to increase food prices instead of ticket prices. (10 Points)