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sora sora
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5 years ago
Suppose that Rihanna sells 1,000 tickets to a concerts at $480 each. If the equilibrium price is $600 per ticket for a fixed supply of 1,000 tickets, what is the value of the additional economic rent that Rihanna could earn if she charged the market clearing price?
A) $1,080,000
B) $120,000
C) $600,000
D) $480,000
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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byehoebyehoe
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5 years ago
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sora Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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