The Number of Seats Available in a Stadium Is Fixed

question 5

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 soccer match at the stadium is $10. Which of the following is true?

• A) Football games must be more expensive to produce than a soccer match.
• B) The demand for each football game must be more than the demand for each soccer match.
• C) The supply of soccer matches must be less elastic than the supply of football games.
• D) The demand for each soccer game must be greater than the demand for each football game.

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Definitions:

Generalize Recollections

The process of applying memories or learned experiences to new and broader contexts.

Specify

To state or describe something in detail or with precision.

Infantile Amnesia

The relative paucity of autobiographical memories dating from before about 3 years of age.

Autobiographical Memories

Refers to a person's memories of their own life events and experiences, including both significant milestones and everyday events.