Liverpool expands their stadium capacity

When teaching elasticity of supply I often use a listing of the stadium capacity of the major Premier League grounds as an example of where supply is fixed at least in the short run. Liverpool has just opened an expansion to the capacity of their iconic Anfield ground adding over eight thousand seats.

The move is likely to generate an extra £20 million of match-day revenue every season and help lift Liverpool closer to the huge revenue streams enjoyed by their main competitor clubs in the UK and elsewhere in Europe.