The Bangtan Boys (BTS) sold out their first US concert, almost as soon as the tickets became available. Moreover, tickets for the BTS tour were, on average, twice as expensive as tickets for Taylor Swift's 2018 Reputation tour. How can you explain this difference in ticket prices?
A) Consumers must prefer BTS to Taylor Swift.
B) There is a shortage of BTS tickets compared to Taylor Swift tickets.
C) The supply of BTS tickets is larger than the supply of Taylor Swift tickets.
D) The demand for BTS tickets is larger than the demand for Taylor Swift's tickets.
Correct Answer:
Verified
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