Denvil likes watching Manchester United play soccer, but this year they have traded away their best players so he has decided to stop going to his favorite sports bar to watch them play. Which of the following is a correct economic interpretation?
Group of answer choices
The expected loss of pleasure from seeing his team win games has reduced the maximum price he would be willing to pay to watch them play has declined, so his demand for Manchester United viewing has shifted down/left.
Denvil perceives the price he has to pay to watch the team has decreased, so he is reducing his quantity demanded for watching Manchester United.
Denvil perceives the price he has to pay to watch the team has increased, so he is reducing his quantity demanded for watching Manchester United.
The expected loss of pleasure from seeing his team win games has reduced the maximum price he would be willing to pay to watch them play has declined, so his demand for Manchester United viewing has shifted up/right.