39-although-sport-clubs-leagues-may-have-fixed-supply-schedule-it-is-possible-increase-number-consum

Question

39.
Although sport clubs and leagues may have a fixed
supply schedule, it is possible to increase the number of
consumers who watch.

A supply schedule refers to the ability of a business to
change their production rates to meet the demand of
consumers. Some businesses are able to increase their
production level quickly in order to meet increased demand.
However, sporting clubs have a fixed, or inflexible
(inelastic) production capacity. ( ① ) They have what is
known as a fixed supply schedule. ( ② ) It is worth noting
that this is not the case for sales of clothing, equipment,
memberships and memorabilia. ( ③ ) But clubs and teams
can only play a certain number of times during their season.
( ④ ) If fans and members are unable to get into a venue,
that revenue is lost forever. ( ⑤ ) For example, the supply
of a sport product can be increased by providing more seats,
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Qanda AI · Answer

Sporting clubs are **limited** in the number of games they can produce within a season, meaning the physical supply of live events is fixed. However, they can **increase** the number of consumers who watch by expanding venue capacit

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