Suppose That a Television Studio Has Two Shows,X and Z,and

question 2

Multiple Choice

Suppose that a television studio has two shows,X and Z,and that tickets for viewing the taping of each show is free.The equilibrium price for a ticket to view the taping of show X is $25 and the equilibrium price for a ticket to view the taping of show B is -$20.It is likely that tickets to show ________ will need to be rationed on a first-come-first-served basis,while the producers of show ________ will have a much more difficult time filling the seats in the studio since the equilibrium price for tickets to that show is a __________ dollar amount.

• A)Z;X;positive
• B)Z;X;negative
• C)X;Z;positive
• D)X;Z;negative

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Definitions:

Demand Probability

The likelihood that a product or service will be purchased at various price levels within a specified time period.