Question 40 (1 point) When trying to understand the amount of new spending a sports facility/franchise generates, it is important to remember keep the substitution effect in mind, which states that.... (a) fans tend to substitute away from the team into other activities when the team begins to win too often. (b) much of the money spent by fans on the sports team would have been spent anyway - just somewhere else in the city. c) fans tend to substitute away from the team into other activities when the team begins losing. O d) the spending on the stadium is quite small when one considers the overall size of the economy