Question 20. 20  Refer to the information and assume the stadium capacity is 5,000.  The supply of seats for the game Price per Ticket  Quantity Demanded   $13  1,000  11  2,000  9  3,000  7  4,000  5  5,000  3  6,000         varies inversely with ticket prices.        varies directly with ticket prices.        is perfectly inelastic.        is perfectly elastic.

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