(Solved): Question 2 of 24 All of the goods below are either sold in perfectly competitive markets or in se ...

Question 2 of 24 All of the goods below are either sold in perfectly competitive markets or in secondary markets that are also competitive. Suppose that the market (or the secondary market) starts in equilibrium. For each of the following scenarios, determine whether there would be upward or downward pressure on the price immediately after the event. Upward pressure on price Downward pressure on nrice An impending nuclear war causes people to stock up on twonkies, a popular snack cake provided by many companies. Sub-zero weather in New York, where the Super Bowl is being played, causes people to become disinterested in watching the Super Bowl live. What happens to ticket price in the scalping market?