Take That add tour dates to keep up with demand
Wednesday, December 08, 2010
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Last month Innes wrote about excess demand for Take That tickets. In response to this Take That have released a further 4 tour dates. You could use the following article as a short data response with the following questions:
1. Explain what is meant by the term perfectly inelastic supply? (2)
2. Explain why the supply of Take That tickets will be perfectly inelastic. (4)
3. Using a demand and supply diagram explain how adding 4 dates to the tour will affect the market for Take That tickets. (6)
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