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Author Question: The number of seats available in an arena is fixed at 20,000. The equilibrium price for a ticket to ... (Read 31 times)

kwoodring

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on: Apr 19, 2019

The number of seats available in an arena is fixed at 20,000. The equilibrium price for a ticket to a basketball game at the arena is $75. The equilibrium price for a ticket to the circus at the arena is $25. Which of the following is 
true?


◦ Basketball games must be more expensive to produce than a circus performance.
◦ The demand for each basketball game must be more than the demand for each circus performance.
◦ The supply of circus performances must be less elastic than the supply of basketball games.
◦ The demand for each circus performance must be greater than the demand for each basketball game.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by kwoodring on Apr 19, 2019

katara

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kwoodring

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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