1. The price of tickets for sports games is related to the number of people demanding tickets. As the number of people wanting tickets Increases, teams increase the price of
tickets. This in turn reduces the number of people demanding tickets. In response to
falling demand, teams lower their prices - and these lower prices cause more people to
become interested in attending games again, so teams raise their prices.
4
a. Graph the behavior of this system, showing how ticket prices change over time.
b. Determine if this system is exhibiting a positive feedback loop, a negative feedback
loop, or no feedback loop. Justify your answer.