Tickets to the Michigan-Notre Dame Football Game Are Usually Sold

question 83

Multiple Choice

Tickets to the Michigan-Notre Dame football game are usually sold out in advance of game day.This suggests that:

• A)the price of the tickets is set by the football teams.
• B)the price of the tickets is set below the equilibrium level.
• C)the football stadium is relatively small.
• D)the demand for the tickets is highly price elastic.
• E)the price of the tickets is set above the equilibrium level.

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