The market for Cincinnati Reds baseball tickets is currently in equilibrium. Which of the following events would most likely increase the consumer surplus received by Reds fans?

The Reds offer discounted parking for all home games.

The Reds increase hot dog prices to reflect a higher cost of buns.

The city of Cincinnati is undertaking a huge highway construction project that strands fans in pregame traffic jams for hours.

The Reds must increase ticket prices to afford the most talented players.

Fans must pay a steep service charge in order to purchase tickets online or over the phone.

Microeconomics

College Board

Exam No： AP Micro Practice Test 4 Year：2024 Question No：20

Answer:

2.1 Demand

2.6 Market Equilibrium and Consumer and Producer Surplus

2.8 The Effects of Government intervention in Markets

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