Solved

An Economic Explanation for Why Rock Concert Tickets Sell at Prices

Question 45

Multiple Choice

An economic explanation for why rock concert tickets sell at prices below the market equilibrium is that musicians


A) are not greedy.
B) want to reward their loyal fans.
C) expect that younger people,who will spend more on merchandise at the concert,are more willing to wait in long lines to buy tickets than adults.
D) expect that those who are more willing to wait in long lines to buy tickets will make a more receptive audience than those who are willing to pay a higher price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents