Problem
1. There is a shortage of college basketball and football tickets for some games, and a surplus occurs for other games. Why do shortages and surpluses exist for different games?
2. Explain the statement "People respond to incentives and disincentives" in relation to the demand curve and supply curve for good X
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.