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£2000 for one Champions League ticket!!!!

Jim Riley

27th May 2011

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Official tickets for the 2011 Champions League final tomorrow cost between £80 and £300 but as usual the black market price is much higher. After watching the video, can your pupils draw a diagram that shows how this situation would look on a demand and supply diagram? A similar question has come up in an OCR past paper with a perfectly inelastic supply curve and a maximum price line

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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