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    Microeconomics Study Set 40
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    Exam 4: Consumer and Producer Surplus
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    The Number of Seats in a Football Stadium Is Fixed
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The Number of Seats in a Football Stadium Is Fixed

Question 16

Question 16

Essay

The number of seats in a football stadium is fixed at 70,000.The team raises the price of a ticket from
$30, where 70,000 are sold, to $40, and it sells 60,000 tickets.The price change caused a change in the consumer surplus of _.
A.-$10.
B.-$50,000
C.-$100,000
D.-$10,000

Correct Answer:

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