A ballet performance had many empty seats. This implies that the
A. Price of the tickets must have been above the equilibrium price.
B. Price of the tickets must have been very low because of the low demand.
C. Hall where the performance was being held was very large.
D. Ballet group was not very well known.
Answer: A
Economics
You might also like to view...
The minimum wage laws seek to
A) penalize employers that are not complying with labor laws. B) assure a minimum standard of payment for work. C) assure that all workers are paid the same wage rate. D) help teenagers find work.
Economics
In perfect competition, each firm's output is a large fraction of total market supply
a. True b. False
Economics