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The Super Bowl is often played in stadiums that seat over 80,000 people. How can tickets for the Super Bowl sell for thousands of dollars when there are so many tickets?
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The Super Bowl is often played in stadiums that seat over 80,000 people. How can tickets for the Super Bowl sell for thousands of dollars when there are so many tickets?
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Mar 25, 2016
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The Super Bowl is often played in stadiums that seat over 80,000 people. How can tickets for the Super Bowl sell for thousands of dollars when there are so many tickets?
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Answer:there is a limited quantity of tickets
Step-by-step explanation:
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Mar 25, 2016
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In capitalism, the price of goods is based on supply and demand. The attached chart shows how each affect the price of goods.
In the situation described, the supply of the tickets are high. However, so is the price. This tells us that the demand for the good has to be extremely high as well, or else the producers wouldn't be able to sell this product at such a high price. Hope this helps!
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Mar 30, 2016
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