Ticket scalpers at the NCAA basketball tournament last year charged prices high above the printed ticket price. This observation is evidence of
A) the tournament not being televised.
B) a shortage at printed ticket prices.
C) the tournament getting too much television exposure.
D) a surplus at printed ticket prices.
Correct Answer:
Verified
Q266: Q267: A surplus occurs when the price is Q268: If there exists a shortage in the Q269: The price of a good will fall Q270: When there is a surplus in the Q272: If the quantity demanded exceeds the quantity Q273: When the price is less than the
A)
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