At a Chicago Bulls game 20,000 tickets were sold at $30 apiece. The game was sold out and some people did not get tickets. This suggests that the selling price:

Question

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The fact that the game was sold out and some people did not get tickets suggests that the demand exceeded the supply at the $30 price point, indicating that the price was below the equilibrium price where supply would equal demand.

At a Chicago Bulls Game 20,000 Tickets Were Sold at $30