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:

Bolus

A small rounded mass of a substance, especially of chewed food at the moment of swallowing.

Esophagus

The part of the digestive tract that conducts food from the pharynx to the stomach.

Amylase

An enzyme that catalyzes the hydrolysis of starch into sugars, present in saliva and pancreatic fluid.

Starch

A carbohydrate consisting of a large number of glucose units joined by glycosidic bonds, primarily found in plants and used as an energy store.