One In the News article in the text titled "Students Struggle to Find Final Four Tickets" described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events.Apparently the initial price of the tickets being scalped was too
A) Low for equilibrium,resulting in a surplus of tickets.
B) Low for equilibrium,resulting in a shortage of tickets.
C) High for equilibrium,resulting in a surplus of tickets.
D) High for equilibrium,resulting in a shortage of tickets.
Correct Answer:
Verified
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