Figure 7-3
Bettye Babylon does not charge admission to her arboreal estate, the Hanging Gardens. Due to space limitations, Bettye only allows 200 visitors per day at her estate. The figure represents the supply and demand for admission to the Hanging Gardens.
-Refer to Figure 7-3.If Bettye chose to auction off tickets to her estate,bidding should cause the price of tickets to
A) remain at $0.
B) rise to $10.
C) rise to $25.
D) rise, but to an undetermined amount.

Question

Figure 7-3
  Bettye Babylon does not charge admission to her arboreal estate, the Hanging Gardens. Due to space limitations, Bettye only allows 200 visitors per day at her estate. The figure represents the supply and demand for admission to the Hanging Gardens.
-Refer to Figure 7-3.If Bettye chose to auction off tickets to her estate,bidding should cause the price of tickets to
A) remain at $0. 
B) rise to $10. 
C) rise to $25. 
D) rise, but to an undetermined amount.

Quizplus · Accepted Answer

The Answer of Figure 7-3
  Bettye Babylon does not charge admission to her arboreal estate, the Hanging Gardens. Due to space limitations, Bettye only allows 200 visitors per day at her estate. The figure represents the supply and demand for admission to the Hanging Gardens.
-Refer to Figure 7-3.If Bettye chose to auction off tickets to her estate,bidding should cause the price of tickets to
A) remain at $0. 
B) rise to $10. 
C) rise to $25. 
D) rise, but to an undetermined amount.

Figure 7-3 Bettye Babylon Does Not Charge Admission to Her