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.

---

Definitions:

Moral Value

Principles or standards of behavior that are considered important by a society or individual in distinguishing right from wrong.

Compassion

Empathy in action.

Sympathy

Feelings of pity and sorrow for someone else's misfortune.

Feelings

Emotional states or reactions that are subjectively experienced as a response to environmental events or internal thoughts.