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Season Tickets to the Miami Heat Games Are Sold Out

Question 32

Multiple Choice

Season tickets to the Miami Heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. As the season progresses, it is clear that the Heat will make it to the playoffs. What is the effect on resale price of tickets to Miami Heat games, assuming resale is legal?


A) Resale price will remain at $30 a game.
B) Resale price will rise and quantity supplied will rise.
C) Resale price will rise and supply will rise.
D) Resale price will decline as supply rises.

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