Question

Honus Wagner, a major league baseball player from 1897 to 1917 and one of the first five men inducted into the Baseball Hall of Fame, had his baseball card pulled from cigarette packs because he wasn't being paid for their distribution. What best describes the effect of his action on the market for his baseball card?

Answer 1

Supply shifted to the west, the price rose and quantity demand fell down

Explanation:

In 1909 baseball card auction attract the buyers who never purchase such cards before. Wagner was a member of the hall of famous inductions also known from the flying Dutchman. Wagner was a person who doesn't want that child to reinforce smoking. It does mean that Wagner wants to compensate his likeliness with the ad for tobacco he did. There may be believed that there are only sixty cards are left and many are in very poor condition. Only five cards are good condition and in existence. Many people thought about the investment in cards because people wanted to see these cards in the same high-end condition as art and antique piece does.