A ballet performance had many empty seats.This implies that the
A) Hall where the performance was being held was very large.
B) Price of the tickets must have been very low because of the low demand.
C) Ballet group was not very well known.
D) Price of the tickets must have been above the equilibrium price. At prices above equilibrium, a market surplus exists.

Question

Quizplus · Accepted Answer

The fact that there were many empty seats suggests that the price of the tickets must have been above the equilibrium price, causing a market surplus. This would have resulted in fewer people willing to pay for the tickets, leading to the abundance of empty seats. The size of the hall and the popularity of the ballet group are not necessarily related to the number of empty seats in this scenario, and there is no indication that ticket prices were low due to low demand.

A Ballet Performance Had Many Empty Seats