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:

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