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Other Fields Homework Help Economics Topic started by: rogers on Aug 19, 2018



Title: Suppose that 20,000 tickets were sold at $120 for an NBA game at Madison Square Garden in New York. ...
Post by: rogers on Aug 19, 2018
Suppose that 20,000 tickets were sold at $120 for an NBA game at Madison Square Garden in New York. The game was sold out and some fans could not get tickets. This suggests that
A) selling price was below equilibrium price.
B) selling price was above equilibrium price.
C) selling price was at equilibrium.
D) the game was advertised too heavily.


Title: Suppose that 20,000 tickets were sold at $120 for an NBA game at Madison Square Garden in New York. ...
Post by: brbri1219 on Aug 19, 2018
 A


Title: Suppose that 20,000 tickets were sold at $120 for an NBA game at Madison Square Garden in New York. ...
Post by: rogers on Aug 19, 2018
:white_check_mark: Correct!