The Number of Seats Available in a Stadium Is Fixed

question 38

Multiple Choice

The number of seats available in a stadium is fixed at 80,000. The equilibrium price for a ticket to a football game at the stadium is $30. The equilibrium price for a ticket to a baseball game at the stadium is $20. Which of the following is true?

• A) Football games must be more expensive to produce than baseball games.
• B) The demand for baseball games must be more elastic than the demand for football games.
• C) The supply of baseball games must be less elastic than the supply of football games.
• D) The demand for each baseball game must be lower than the demand for each football game.

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Definitions:

Chemiosmosis

The movement of ions across a semipermeable membrane, down their concentration gradient, which is used to generate ATP in cells.

Membrane

A selective barrier that encloses the cell or organelles within a cell, controlling the movement of substances in and out.

Mitochondria

Organelles responsible for generating most of the cell's supply of adenosine triphosphate (ATP), playing a key role in energy metabolism.

Gradient Formation

The process by which a concentration gradient of a particular molecule or ion is established, often across a biological membrane.