The Price of a Ticket to the Beyoncé Concert Is

question 29

Multiple Choice

The price of a ticket to the Beyoncé concert is set at $55. All the tickets for the concert sell out one hour after they go on sale and there are still 1,000 fans who want to buy tickets. It follows that the:

• A) equilibrium price of tickets to the concert is $55.
• B) equilibrium price of tickets to the concert is more than $55.
• C) equilibrium price of tickets to the concert is less than $55.
• D) quantity of tickets demanded is equal to the quantity supplied at the $55 price.

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Definitions:

Camouflaged

Describes an organism or object that is disguised by blending in with its surroundings to avoid detection.

Keystone Species

A species on which other species in an ecosystem largely depend, such that if it were removed the ecosystem would change drastically.

Symbionts

The partners in a symbiotic relationship.

Secondary Succession

Secondary succession is the ecological process of change and development in an area where an ecosystem has been previously established but has then been disrupted.