« previous next »

Author Question: Which of the following situations results from a ticket price to a concert set below the equilibrium ... (Read 67 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?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

(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
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Adolescents may have different responses to different social situations, which complicate their ... Adolescents may have different responses to different social situations, which complicate their ...
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
Reduced mobility in late adulthood often results in more limited activities and smaller social ... Reduced mobility in late adulthood often results in more limited activities and smaller social ...
Results of a cross involving two genes located on the same chromosome Results of a cross involving two genes located on the same chromosome
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library