Suppose that a television studio has two shows,X and Z,and that tickets for viewing the taping of each show is free.The equilibrium price for a ticket to view the taping of show X is $25 and the equilibrium price for a ticket to view the taping of show B is -$20.It is likely that tickets to show ________ will need to be rationed on a first-come-first-served basis,while the producers of show ________ will have a much more difficult time filling the seats in the studio since the equilibrium price for tickets to that show is a __________ dollar amount.
A)Z;X;positive
B)Z;X;negative
C)X;Z;positive
D)X;Z;negative

Question

Quizplus · Accepted Answer

The equilibrium price for a ticket to view the taping of show X is $25, which is a positive dollar amount, indicating that there is a demand for tickets to this show. Therefore, the producers of show X may need to ration tickets on a first-come-first-served basis. On the other hand, the equilibrium price for a ticket to view the taping of show Z is -$20, which is a negative dollar amount, indicating that there is no demand for tickets to this show. Therefore, the producers of show Z will have a much more difficult time filling the seats in the studio. So, tickets for show Z will not need to be rationed on a first-come-first-served basis.

Suppose That a Television Studio Has Two Shows,X and Z,and