Which of the following statements about ticket scalping is correct?
A) Scalping tends to be prevalent when there is a surplus of tickets.
B) Scalping tends to be prevalent when there is a shortage of tickets.
C) Scalping benefits only one party-the sellers-but not the buyers.
D) Scalping benefits only one party-the buyers-but not the sellers.

Question

Quizplus · Accepted Answer

Ticket scalping tends to be prevalent when there is a shortage of tickets, as the scarcity of tickets drives up demand and allows scalpers to charge higher prices. Scalping benefits the scalpers who are able to make a profit by reselling tickets at a higher price, but it does not benefit sellers or buyers who often pay inflated prices.

Which of the Following Statements About Ticket Scalping Is Correct