Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

The Quantity of Tickets Demanded to the Super Bowl Is

Question 191
Multiple Choice
arrowQuestion 191arrow
Multiple Choice

The quantity of tickets demanded to the Super Bowl is always greater than the quantity supplied.Which of the following in the best explanation why the National Football League does not raise the price of tickets to the level where the quantity demanded equals the quantity supplied?

A)Raising the price would reduce the demand for tickets; there would then be a surplus and the game would not sell out.
B)The cost of raising the price and printing new tickets would exceed the revenue the NFL would receive from higher ticket prices.
C)The demand for Super Bowl tickets is elastic; raising the price would reduce total revenue.
D)The NFL is concerned that raising ticket prices would be considered unfair.

Choose question tag
close menu

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Find Solutions
Search By Image
Search By Image

Scan any paper and upload it to find exam solutions and many more


Studying is made a lot easier and more fun with our online flashcards

Find Flashcards