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RaviPatel001 RaviPatel001
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5 years ago
If Lady Gaga insists that tickets to her concert be sold for $100 each rather than the $500 each that could be charged as reflected by demand for those tickets, then the result will be
A) to create an excess supply of tickets.
B) to eliminate $150 worth of economic rent per ticket.
C) that part of the economic rent will be dissipated by scalpers, radio station owners, etc.
D) that the demand for tickets will decrease.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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