« previous next »

Author Question: Which of the following situations results from a ticket price to a concert set below the equilibrium ... (Read 68 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
Which of the following situations results from a ticket price to a concert set below the equilibrium price?
 a. A long line of people wanting to purchase tickets to the concert.
 b. No line of people wanting to buy tickets to the concert.
 c. Tickets available at the box office, but no line of people wanting to buy them.
  d. None of the above.

Question 2

If a shortage exists in a market then:
 a. the price is below equilibrium.
 b. the quantity demanded exceeds the quantity supplied.
  c. the price will rise in the near future.
 d. all of the above.


djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
Pyruvate oxidation results in three changes to pyruvate: Pyruvate oxidation results in three changes to pyruvate:
Coding for Special Situations Coding for Special Situations
Results of one round of replication of DNA Results of one round of replication of DNA
The results of reciprocal crosses between streptomycin-resistant and streptomycin-sensitive The results of reciprocal crosses between streptomycin-resistant and streptomycin-sensitive
Results and interpretation of a mixed copolymer Results and interpretation of a mixed copolymer
Video: Atrophy

For a complete list of videos, visit our video library