(Solved): Suppose your favorite band or singer plays local shows once a week for the next year. 1. Consider t ...

Suppose your favorite band or singer plays local shows once a week for the next year. 1. Consider the lowest ticket price that would make you decide not to attend any shows. The lowest price that would make me unwilling to buy any concert tickets is \( \$ \) 2. Now consider how many shows you would go to if tickets were free. The maximum number is 52 (the number of weeks in the year). The greatest number of shows I would attend if they were free is 3. Think about other points on your demand curve and write your demand schedule. (for example, if you were not willing to buy any tickets at \( \$ 200 \), you might buy one (1) ticket at \( \$ 190 \), and two (2) tickets at \$150, etc.) Write all the points you have found in a demand schedule and then graph your demand curve. Include a supply curve on your graph and indicate the equilibrium price and quantity. For each of the following cases, determine whether your demand will increase, decrease, or state the same, and briefly explain why. a. Your income increases, and tickets are a normal good. b. You get tired of the band and are less interested in hearing them play. c. The price of tickets falls. d. The price of tickets for another band you like a lot falls. e. You expect that next year, tickets will be cheaper than they are this year.