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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 65 times)

TFauchery

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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 $80. The equilibrium price for a ticket to a hockey game at the arena is $95. Which of the following is 
true?


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

itsakadoozi

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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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TFauchery

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Reply #2 on: Apr 19, 2019
Thank you!


itsakadoozi

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Reply #3 on: Apr 19, 2019
Always glad to help...


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