Multiple Choice
If 80,000 Blue Jays fans wanted tickets to the fifth game of the World Series, but there are only 55,000 tickets available:
A) the quantity purchased will be greater than the quantity supplied.
B) the price is too low.
C) the cost of obtaining a ticket for someone who doesn't yet have one will be greater than the price stamped on its face.
D) the demand for tickets is highly elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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