Scalpers (People Selling Tickets at a Price Above the Stated

question 95

Multiple Choice

Scalpers (people selling tickets at a price above the stated price, P*) were spotted at this year's Super Bowl game.This suggest that

• A)P* is less than the equilibrium price.
• B)P* is greater than the equilibrium price.
• C)P* is the equilibrium price.
• D)it's not possible to determine anything about the equilibrium price with this information.

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