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.

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Definitions:

Prostaglandins

A group of physiologically active lipid compounds that have diverse hormone-like effects in animals.

Sensory Stimulus

An external or internal event or factor that initiates a sensory response in an organism, leading to a potential change in behavior or physiological state.

Perception

The meaning a brain derives from a sensation.

Sensation

Detection of a stimulus.