« previous next »

Author Question: Which of the following situations results from a ticket price to a concert set below the equilibrium ... (Read 96 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?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Crossing Over Results in Genetic Recombination Crossing Over Results in Genetic Recombination
The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses. The traits Mendel used in his experiments, and the results of the F1 and F2 generation crosses.
Cyanosis as shown here at the patient’s fingertips results from a lack of oxygen in the tissues Cyanosis as shown here at the patient’s fingertips results from a lack of oxygen in the tissues
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: DNA close up Animation

For a complete list of videos, visit our video library