The graph below shows the market for tickets to a "Final Four" sports event. Assume that there is only one kind of ticket to the event.
Refer to the above market graph for tickets to a "Final Four" sports event. Given this market, if the event organizers pre-set the price at $20, then this action would result in a:
A) Shortage of 5,000 units
B) Shortage of 55,000 units
C) Surplus of 5,000 units
D) Surplus of 50,000 units
Correct Answer:
Verified
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