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If the Price of Tickets to the World Series Were

Question 356

Multiple Choice

If the price of tickets to the World Series were set below the equilibrium price,


A) the quantity demanded would be smaller than the quantity supplied.
B) the demand for World Series tickets would be highly responsive to the price.
C) there would be no transactions between buyers and sellers of the tickets.
D) the number of persons seeking to obtain tickets to World Series games would be greater than the number of tickets available.

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