Exhibit 5-4
-Refer to Exhibit 5-4.If television studio executives choose to charge a price of P_B to view the taping of all shows,they will find that there is a shortage of tickets to view the taping of show ___________ and a surplus of tickets to view the taping of show ______________.

Question

Exhibit 5-4 Exhibit 5-4 -Refer to Exhibit 5-4.If television studio executives choose to charge a price of P<sub>B</sub> to view the taping of all shows,they will find that there is a shortage of tickets to view the taping of show ___________ and a surplus of tickets to view the taping of show ______________. A) A;C B) C;A C) B;A D) B;C

Exhibit 5-4 -Refer to Exhibit 5-4.If television studio executives choose to charge a price of P<sub>B</sub> to view the taping of all shows,they will find that there is a shortage of tickets to view the taping of show ___________ and a surplus of tickets to view the taping of show ______________. A) A;C B) C;A C) B;A D) B;C

-Refer to Exhibit 5-4.If television studio executives choose to charge a price of P_B to view the taping of all shows,they will find that there is a shortage of tickets to view the taping of show ___________ and a surplus of tickets to view the taping of show ______________.

Quizplus · Accepted Answer

The correct answer is A because at a price of P_B, the quantity demanded for show A exceeds the quantity supplied, resulting in a shortage. Conversely, the quantity supplied for show C exceeds the quantity demanded, resulting in a surplus.

Exhibit 5-4 -Refer to Exhibit 5-4.If Television Studio Executives Choose to Charge