Multiple Choice
Tickets to the Michigan-Notre Dame football game are usually sold out in advance. This suggests that _____
A) the price of the tickets is set by the football teams.
B) the price of the tickets is set below the equilibrium level.
C) the football stadium is relatively small.
D) the demand for the tickets is highly price elastic.
E) the price of the tickets is set above the equilibrium level.
Correct Answer:
Verified
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