If Beyoncé concert tickets are sold out within five minutes of being released, we can conclude that

Question

Quizplus · Accepted Answer

If tickets sell out quickly, it suggests that demand for the tickets is high and exceeds the quantity supplied. This leads to a shortage of tickets in the market, indicating that option B is the correct answer. Option A is not relevant to this scenario, as the question does not mention anything about ticket prices. Option C is also incorrect because a sold-out event does not necessarily mean the ticket prices are above the equilibrium price. Option D is the opposite of the correct answer, as a sell-out implies that the quantity demanded is greater than the quantity supplied.

If Beyoncé Concert Tickets Are Sold Out Within Five Minutes