The Hamsterville Hatchetfish football team's home stadium is Deep Sea
Stadium. Fans of the team were angry about high prices to football games
at the stadium and successfully petitioned the government to impose a
price ceiling of [tex]$45 per ticket. Previously, tickets sold for $[/tex]75 dollars. Deep
Sea Stadium sells out every game even before the price of tickets was
lowered.
What is a likely consequence of this price ceiling?
Choose 1 answer:
B
Amenities at Deep Sea Stadium will improve
All fans will benefit from the new lower price
More people will be able to attend football games
DA black market may develop
E
The opportunity cost of attending a game will decrease