Multiple Choice
After tickets for a major sporting event are purchased at the official box office price,a market often develops whereby these tickets sell at prices well above the official box office price.Which of the following scenarios would NOT be able to explain this result?
A) The official price was below equilibrium from the moment the tickets were available.
B) Increased publicity causes the demand curve for the event to shift rightward.
C) The event was not a sellout.
D) Not everyone who wanted a ticket was able to buy one at the box office.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: According to the Law of Demand,the demand
Q64: If pizza and tacos are substitutes,a decrease
Q65: The Law of Supply ensures that supply
Q66: If the price of automobiles were to
Q67: If a government-imposed price ceiling causes the
Q69: Equilibrium is defined as a situation in
Q70: The inverse supply curve of coffee beans
Q71: Explain why the supply-and-demand model should not
Q72: When a market is in disequilibrium consumers
Q73: Suppose a market were currently at equilibrium.A