Question

At the football championship game, the home team gave a football to each of the first 100 friends who are arrived at the studio. each football costs the team twenty eight dollars

Answer 1

The supply curve for tickets to football games at a stadium with 70,000 seats is vertical.

Step-by-step explanation:

The shape of the supply curve for tickets to football games at a stadium with 70,000 seats would typically be a vertical line.

In economics, the supply curve represents the relationship between the price of a good and the quantity supplied by sellers. In this case, the stadium has a fixed number of seats available, regardless of the price of the tickets. Therefore, the quantity supplied remains constant at 70,000 seats, resulting in a vertical supply curve.

This means that the price of the tickets may vary, but the number of available seats will not change.