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Author Question: Tickets to the Michigan-Notre Dame football game are usually sold out in advance of game day. This ... (Read 410 times)

jhjkgdfhk

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on: Jul 1, 2018
Tickets to the Michigan-Notre Dame football game are usually sold out in advance of game day. This suggests that
 a. the price of the tickets must be very high or else people would not consider them valuable
  b. the price is set below the equilibrium level
  c. the football stadium is relatively small
  d. everyone who attends the game will enjoy it
  e. the price is determined primarily by the fixed supply of tickets

Question 2

A price floor set below the equilibrium price will result in a surplus.
 a. True
  b. False


okolip

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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