Question: 7.1 (2 points) Is the following statement true or false? A decrease in price of a substitute causes the demand curve to shift to the

7.1 (2 points) Is the following statement true or false? A decrease in price of a substitute causes the demand curve to shift to the right. 7.2 (2 points) Is the following statement true or false? A team that is not selling out every game is necessarily charging too much for tickets. 7.3 (2 points) Is the following statement true or false? Adding teams to a market dissipates the monopoly power of the existing teams. 7.4 (2 points) Fill in the blank. is a pricing strategy that adjusts ticket prices according to previously unknown game characteristics
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