What is the elasticity of supply of seats for a one-night concert in an auditorium?
A)It is elastic.
B)It is inelastic.
C)It is perfectly inelastic.
D)It is perfectly elastic.

Question

Quizplus · Accepted Answer

The elasticity of supply of seats for a one-night concert in an auditorium is perfectly inelastic because the number of seats cannot be changed regardless of changes in price.

What Is the Elasticity of Supply of Seats for a One-Night