According to many economists,what do government restrictions of ticket scalping NOT do
A)inconvenience the public
B)reduce the audience for cultural and sports events
C)waste the police's time
D)keep the cost of tickets to consumers low

Question

Quizplus · Accepted Answer

Government restrictions on ticket scalping do not keep the cost of tickets to consumers low. This is because ticket scalping is a market activity that exists because demand for tickets exceeds supply at the original price set by the promoter. By limiting the resale of tickets, government restrictions can prevent some people from buying tickets at higher prices but they do not increase the supply of tickets or reduce the original prices set by the promoter. In fact, restrictions on scalping can sometimes increase the original prices because promoters know that scalpers will be unable to compete with them.

According to Many Economists,what Do Government Restrictions of Ticket Scalping