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Tickets to the Toronto Argos Football Game Are Usually Sold

Question 191

Multiple Choice

Tickets to the Toronto Argos football game are usually sold out in advance of game day.What does this suggest about the price of tickets?  


A)  The price of the tickets must be very high otherwise people would NOT consider them valuable. 
B)  The price of tickets is set below the equilibrium level. 
C)  The price of tickets is set at equilibrium. 
D)  The price of tickets is determined primarily by the fixed supply of tickets.

Correct Answer:

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