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The Graph Below Shows the Supply and Demand for Tickets

Question 115

Multiple Choice

The graph below shows the supply and demand for tickets to a Raptors basketball game.
The graph below shows the supply and demand for tickets to a Raptors basketball game. -Refer to the graph above to answer this question.Which of the following statements is correct? A) If demand is D<sub>3</sub>,then all the tickets could not be sold. B) If demand in D<sub>2</sub>,then there would be a shortage of tickets. C) If the price of a ticket is $40 and demand is D<sub>2</sub>,then ticket scalping would result. D) If the price of a ticket is $40 and demand is D<sub>3</sub>,then ticket scalping would result. E) The supply curve is perfectly elastic and the demand curves are inelastic.
-Refer to the graph above to answer this question.Which of the following statements is correct?


A) If demand is D3,then all the tickets could not be sold.
B) If demand in D2,then there would be a shortage of tickets.
C) If the price of a ticket is $40 and demand is D2,then ticket scalping would result.
D) If the price of a ticket is $40 and demand is D3,then ticket scalping would result.
E) The supply curve is perfectly elastic and the demand curves are inelastic.

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