Ticket scalpers at the NCAA basketball tournament last year charged prices high above the printed ticket price. This observation is evidence of
A) a surplus at printed ticket prices.
B) a shortage at printed ticket prices.
C) the tournament not being televised.
D) the tournament getting too much television exposure.
B
Economics
You might also like to view...
The figure shows the relationship between Moira's income and the quantity of macaroni that she demands. When income is less than $350 per month, macaroni ________
A) is an inferior good B) is a normal good C) has many substitutes D) has negative income elasticity
Economics
Refer to Table 8-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2015 equals
A) 94.1. B) 105.1. C) 106.2. D) 108.5.
Economics