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27 August, 13:09

Third grade

LI Understand quantity supplied and quantity demanded SLO

There are 500 people who will each pay $8 for a ticket to see a new superhero movie. Each

person wants to buy only one movie ticket, But the theater only seats 250, so it can only sell

250 tickets. What is the quantity of tickets demanded at $8?

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Answers (1)
  1. 27 August, 14:16
    0
    Answer:The demanded quantity is 500 tickets

    Explanation:

    It tries to trick you by telling you limit of which the theater can hold and the price of the tickets, but this is irrelevant when it comes to the number of tickets demanded. So you have 500 people who want 1 ticket each 500 x 1 = 500.
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