The championship game will be held next weekend in your college's 40,000-seat stadium. The supply of tickets to the game:
A)will increase because the price charged will be higher.
B)is elastic.
C)is perfectly inelastic.
D)depends on which teams make it to the championship game.

Question

Quizplus · Accepted Answer

The supply of tickets is perfectly price inelastic because the supply curve is vertical at the 40,000 seat capacity. That is, a change in price cannot change quantity supplied, at least in the short run.

The Championship Game Will Be Held Next Weekend in Your