Multiple Choice
Scalpers (people selling tickets at a price above the stated price, P*) were spotted at this year's Super Bowl game.This suggest that
A) P* is less than the equilibrium price.
B) P* is greater than the equilibrium price.
C) P* is the equilibrium price.
D) it's not possible to determine anything about the equilibrium price with this information.
Correct Answer:
Verified
Correct Answer:
Verified
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