Question 20.span> 20. Refer to the information and assume the stadium capacity is 5,000. The supply of seats for the game Price per Ticket Quantity Demanded $13 1,000 11 2,000 9 3,000 7 4,000 5 5,000...


Question 20.span>20.
Refer to the information and assume the stadium capacity is 5,000.  The supply of seats for the game



Price per Ticket



Quantity Demanded


 $13


 1,000


 11


 2,000


 9


 3,000


 7


 4,000


 5


 5,000


 3


 6,000


        varies inversely with ticket prices.


       varies directly with ticket prices.


       is perfectly inelastic.


       is perfectly elastic.



Jun 10, 2022
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