Suppose that 20,000 tickets were sold at $120 for an NBA game at Madison Square Garden in New York. The game was sold out and some fans could not get tickets. This suggests that
A) selling price was below equilibrium price.
B) selling price was above equilibrium price.
C) selling price was at equilibrium.
D) the game was advertised too heavily.
A
Economics
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A short-run appreciation of the British pound would be consistent with:
a. a temporary fall in the British money supply. b. a temporary fall in the European money supply. c. a temporary rise in the European money supply. d. either a temporary fall in the British money supply or a temporary rise in the European money supply.
Economics
Corporate profits are taxed by state and local governments, but not by the federal government
Indicate whether the statement is true or false
Economics