After Tickets for a Major Sporting Event Are Purchased at the Official

question 68

Multiple Choice

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.

---

Definitions:

Stressful Situation

A scenario or circumstance that induces stress, challenging an individual's ability to cope or manage effectively.

Type A Personality

A personality characterized by competitiveness, high ambition, aggression, impatience, and a fast-paced lifestyle, thought to be prone to stress-related illnesses.

Easily Angered

A characteristic where an individual has a low threshold for frustration, leading to frequent feelings of anger with little provocation.

Competitive

Having a strong desire to be more successful than others, often manifesting in behaviors aimed at outperforming peers.