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Sublight2097 Sublight2097
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8 years ago
If 80,000 people want tickets to the World Series at the current price, and there are only 55,000 tickets available,
A) the cost of obtaining a ticket for someone who doesn't yet have one will be greater than the price stamped on its face.
B) the demand for tickets is highly elastic.
C) the price is too low.
D) the quantity purchased will be greater than the quantity supplied.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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