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The Graph Below Shows the Market for Tickets to a "Final

Question 326

Multiple Choice

The graph below shows the market for tickets to a "Final Four" sports event. Assume that there is only one kind of ticket to the event. The graph below shows the market for tickets to a Final Four sports event. Assume that there is only one kind of ticket to the event. Given this market, if the event organizers pre-set the price at $20, then this action would result in a A) shortage of 5,000 units. B) shortage of 55,000 units. C) surplus of 5,000 units. D) surplus of 50,000 units. Given this market, if the event organizers pre-set the price at $20, then this action would result in a


A) shortage of 5,000 units.
B) shortage of 55,000 units.
C) surplus of 5,000 units.
D) surplus of 50,000 units.

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