Author Question: At equilibrium, quantity sold equals the quantity bought. This implies that A) to sell more, ... (Read 69 times)

mydiamond · **on:** Jul 1, 2018

At equilibrium, quantity sold equals the quantity bought. This implies that

A) to sell more, producers require more in payment than consumers are willing to pay.
B) government regulation is necessary.
C) to sell less would require a lower price but would yield greater profit.
D) those who don't buy have been treated unfairly.

Question 2

After tickets for a major sporting event are purchased at the official box office price, a market often develops whereby these tickets sell at prices well above the official box office price. Which of the following scenarios would NOT be able to explain this result?

A) The official price was below equilibrium from the moment the tickets were available.
B) Increased publicity causes the demand curve for the event to shift rightward.
C) The event was not a sellout.
D) Not everyone who wanted a ticket was able to buy one at the box office.

Eunice618 · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

C

Author Question: At equilibrium, quantity sold equals the quantity bought. This implies that A) to sell more, ... (Read 69 times)

mydiamond

At equilibrium, quantity sold equals the quantity bought. This implies that A) to sell more, ...

Eunice618

At equilibrium, quantity sold equals the quantity bought. This implies that A) to sell more, ...

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