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:

College Athletes

Students who participate in competitive sports as part of their university or college activities, often balancing academic and athletic commitments.

Confirmation Bias

The inclination to seek out, understand, prefer, and remember information in a manner that validates one's existing beliefs or theories.

Internal Motivation

The drive that originates from within an individual to pursue goals or actions because of personal satisfaction or desire, rather than external rewards or pressures.

Self-Regulation Task

Activities or exercises designed to improve an individual's ability to monitor and control their emotions, thoughts, and behaviors in accordance with long-term goals.