Multiple Choice
One In the News article in the text titled "The Real March Madness: Ticket Prices " described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events.When scalpers resell tickets at prices closer to equilibrium,
A) A market shortage is made larger,and the scalpers reap a profit.
B) A market shortage is made smaller,and the scalpers reap a profit.
C) A market shortage is made larger,and the original sellers reap a profit.
D) A market surplus is made smaller,and the scalpers reap a profit.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: When the demand for coffee increases,ceteris paribus,the
Q3: The supply curve shifts to the right
Q4: According to the law of demand,a demand
Q5: A market shortage is<br>A)The amount by which
Q6: An increase in the equilibrium price of
Q8: Which of the following is not held
Q9: When the number of buyers in a
Q10: When a surplus exists for a product,<br>A)Producers
Q11: A decrease in the price of bubble
Q12: A leftward shift of the market demand