Concert promoters often set ticket prices below what they expect the market- clearing price to be. They are effectively imposing a and the result is often at a considerably higher price.

Question

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Concert promoters setting ticket prices below the market-clearing price is an example of a price ceiling. This often leads to ticket scalping, where tickets are resold at a higher price due to the excess demand created by the artificially low prices.

Concert Promoters Often Set Ticket Prices Below What They Expect