Multiple Choice
Scalpers sell tickets for such events as the World Series and the Super bowl for prices many times the amount printed on the tickets.This situation is an example of which of the following conditions?
A) Market in equilibrium
B) Surplus causing an increase in market price
C) Shortage causing an increase in market price
D) Market in which the quantity demanded is less than the quantity supplied
Correct Answer:
Verified
Correct Answer:
Verified
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