« previous next »

Author Question: Which of the following situations results from a ticket price to a concert set below the equilibrium ... (Read 116 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?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
Using Controls to Monitor Results Using Controls to Monitor Results
If the gauge reading is now much higher than the first test results, then the cause of the low ... If the gauge reading is now much higher than the first test results, then the cause of the low ...
Results of Mendel’s crosses using pea plants. The numbers represent the F2 plants showing a given ... Results of Mendel’s crosses using pea plants. The numbers represent the F2 plants showing a given ...
An electropherogram showing the results of a DNA profile analysis An electropherogram showing the results of a DNA profile analysis
Video: Burn Animation

For a complete list of videos, visit our video library