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PamilaFontan489 PamilaFontan489
  • 17-07-2015
  • Social Studies
Answered

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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brookegallagher
brookegallagher brookegallagher
  • 17-07-2015

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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nikwal13 nikwal13
  • 24-10-2019

Answer:there is a limited quantity of tickets

Explanation:

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