Table 6-8 The Town of Bloomfield Is Well Known for Its Basketball

question 185

Multiple Choice

Table 6-8

The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-8 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-8.What is the most distinctive feature of the supply curve?

• A)The supply curve is perfectly inelastic.
• B)The supply curve is horizontal.
• C)The supply curve is upward sloping.
• D)The supply curve is perfectly elastic.

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