Question 12 One In the News article in the text titled "Students Struggle to Find Final Four Tickets" described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. Apparently the initial price of the tickets being scalped was too O Low for equilibrium, resulting in a surplus of tickets. O Low for equilibrium, resulting in a shortage of tickets. O High for equilibrium, resulting in a surplus of tickets. O High for equilibrium, resulting in a shortage of tickets.

Question 12 One In the News article in the text titled "Students Struggle to Find Final Four Tickets" described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. Apparently the initial price of the tickets being scalped was too O Low for equilibrium, resulting in a surplus of tickets. O Low for equilibrium, resulting in a shortage of tickets. O High for equilibrium, resulting in a surplus of tickets. O High for equilibrium, resulting in a shortage of tickets.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 21P

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