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.