If the organizers of a major sports event set the ticket price above the equilibrium level, then scalping will develop in a secondary market for tickets.

Question

Quizplus · Accepted Answer

When ticket prices are set above the equilibrium level, it typically leads to excess supply (unsold tickets) rather than a secondary market with scalping, which is more common when prices are set below equilibrium, leading to excess demand.

If the Organizers of a Major Sports Event Set the Ticket