Exhibit 5-4

-Refer to Exhibit 5-4. If television studio executives choose to charge a price of PB to view the taping of all shows,they will find that there is a shortage of tickets to view the taping of show ___________ and a surplus of tickets to view the taping of show ______________.

Question

Exhibit 5-4
 
-Refer to Exhibit 5-4. If television studio executives choose to charge a price of PB to view the taping of all shows,they will find that there is a shortage of tickets to view the taping of show ___________ and a surplus of tickets to view the taping of show ______________.

Quizplus · Accepted Answer

At price PB, the quantity demanded for show A exceeds the quantity supplied, creating a shortage, while for show C, the quantity supplied exceeds the quantity demanded, creating a surplus.

Exhibit 5-4 -Refer to Exhibit 5-4. If Television Studio Executives Choose to Studio