________ of people work at firms that have 50 or more employees

The quantity of tickets demanded to the Super Bowl is always greater than the quantity supplied

Which of the following in the best explanation why the National Football League does not raise the price of tickets to the level where the quantity demanded equals the quantity supplied? A) The cost of raising the price and printing new tickets would exceed the revenue the NFL would receive from higher ticket prices. B) Raising the price would reduce the demand for tickets; there would then be a surplus and the game would not sell out. C) The demand for Super Bowl tickets is elastic; raising the price would reduce total revenue. D) The NFL is concerned that raising ticket prices would be considered unfair.

Since most colleges and universities charge the same tuition to every student regardless of what time students choose to take their classes,

A) the schools must develop some type of non-price rationing device. B) it follows that all classes will have a shortage of seats. C) it follows that all classes will have a surplus of seats. D) it follows that some classes will likely have a shortage of seats while other classes may have a surplus of seats. E) a and d