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The Super Bowl is often played in stadiums that seat over 80,000 people. Why do tickets for the Super Bowl sell for thousands of dollars when there are so many tickets?

A- You have to be in the stadium to see the game.
B- Inflation -- money is worth less today.
C- There is a limited quantity of tickets.
D- Football is more popular than baseball.

User Mark Graph
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2 Answers

5 votes

Answer:

a

Step-by-step explanation:

User Tom Lubenow
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6 votes

The correct answer is C.

The amount of tickets for a Super Bowl match is limited and, what is more important, the amount demanded by consumers exceeds by far the amount offered, therefore, the market mechanism operates and prices for such tickets keep on increasing until the amount demanded equals the amount supplied and a new equilibrium price is reached.

Many people that would be willing to purchase a ticket at a lower price, are not going to demand it anymore at a more expensive price, because quite probably they cannot afford that price or they consider more important to meet other expenses in their lives.

User Muhammad Abdullah
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