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Author Question: The number of seats available in a stadium is fixed at 80,000. The equilibrium price for a ticket to ... (Read 103 times)

sam.t96

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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 baseball game at the stadium is $20. Which of the following is 
true?


◦ Football games must be more expensive to produce than baseball games.
◦ The demand for baseball games must be more elastic than the demand for football games.
◦ The supply of baseball games must be less elastic than the supply of football games.
◦ The demand for each baseball game must be lower than the demand for each football game.


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Marked as best answer by sam.t96 on Apr 19, 2019

hramirez205

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