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Rken Rken
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6 years ago
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) The demand for each soccer game must be greater than the demand for each football game.
B) Football games must be more expensive to produce than a soccer match.
C) The demand for each football game must be more than the demand for each soccer match.
D) The supply of soccer matches must be less elastic than the supply of football games.
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Akshtsaklani21Akshtsaklani21
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#1
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6 years ago
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Rken Author
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#2
6 years ago
Thanks a lot
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