A university's basketball gymnasium is never more than half-full during basketball games. This implies

Question

Quizplus · Accepted Answer

When a venue is consistently not filled to capacity (in this case, never more than half-full), it suggests that the price of tickets may be set too high, reducing the quantity demanded to below the quantity supplied at that price point, which is indicative of a price above the equilibrium level.

A University's Basketball Gymnasium Is Never More Than Half-Full During