Suppose that more people want Orange Bowl tickets than the number of tickets available.Which of the following statements is correct?

Question

Quizplus · Accepted Answer

Option A is correct because when more people want Orange Bowl tickets than the number of tickets available, there is a shortage of tickets at the box office price. 
Option B is not correct because we don't know whether the box office price is above or below the equilibrium price. 
Option C is correct because if the box office price were raised, some people who wanted to buy the tickets will not be able to afford them, so the excess demand for the tickets will decrease. 
Therefore, options A and C are correct, and the answer is D.

Suppose That More People Want Orange Bowl Tickets Than the Number