Multiple Choice
If a scalper for the Super Bowl is able to charge $5,000 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
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