question archive Suppose supply is inelastic at 73,000 seats in a stadium
Suppose supply is inelastic at 73,000 seats in a stadium
Subject:EconomicsPrice:2.88 Bought3
Suppose supply is inelastic at 73,000 seats in a stadium. The demand increases for a free concert, so a total of 146,000 people (double the 73,000 capacity) now want to attend. How do you draw the supply and demand curve graph for this situation?
