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. . . DILAB] 4/188 Discussion WEEK 02: Demand & Supply Practice At 3 As you read and think about the demand and supply model and how it applies to your life, consider the market for tickets to your favorite sporting, culture or music event. How does the price of the ticket get determined, if not by supply and demand forces? Part 1 Give a recent example of an event where tickets are sold. Briefly describe the event. Explain one factor that has or is expected to shift either the supply or demand for tickets to that event. What is the factor? (check out your text or our notes on supply and demand shifters) which curve (demand or supply) shifts and in which direction? What will happen (ceteris paribus) to price and quantity as a result of your explained shift