Multiple Choice
If a scalper for the Super Bowl is able to charge $10,000 for a front-row seat, this suggests that
A) at the regular price, there is a surplus of Super Bowl tickets.
B) at the regular price, there is a shortage of Super Bowl tickets.
C) at the regular price, the quantity of Super Bowl tickets demanded equals the quantity supplied.
D) the scalper is making the football fan worse off.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Which of the following represents the law
Q40: A supply curve<br>A) has an indirect or
Q50: A technological improvement in the production of
Q57: The statement "other things being equal" in
Q96: The relative price of a textbook is<br>A)the
Q106: Which of the following are substitute goods?<br>A)margarine
Q289: The market supply curve is found by<br>A)
Q354: The equilibrium or market clearing price occurs
Q389: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q424: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -What happens as