Each question is 5 mark

Q-3. A university student made the following statement to a friend at a university sporting event: "This football stadium is a good example of how unrealistic economics is: my economics professor claims that according to a so-called 'Law of Supply,' supply varies directly with price, yet anybody can look around and see that the supply is fixed at 10,000 seats, no matter what the price is!" what was wrong with his statement? Explain. Q-4. Every society, regardless of the economic system, has to answer basic economic questions. What are those questions and how are they decided in the Market type of economic system like in Canada