If Scalpers Were to Charge Only Face Value for Tickets

question 35

Multiple Choice

If scalpers were to charge only face value for tickets to a sold-out event, there would be

• A)a scalped ticket available for every seat in the stadium.
• B)a higher price in the market for scalped tickets than the equilibrium price.
• C)a price in the market for scalped tickets equal to the equilibrium price.
• D)a lower price in the market for scalped tickets than the equilibrium price.

Understand the functioning of the circular flow diagram in an economy.

Identify the different outcomes resulting from levels of pollution control.

Recognize the role of price systems, capital, and privatization in economic development.

Understand the process and accounting entries related to the liquidation of a partnership.

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Definitions:

Significant Risk Factor

A characteristic or condition that greatly increases the likelihood of developing a disease or injury.

Conditions

Circumstances affecting the way in which people live or work, especially with regard to their safety or well-being.

Disease Risk Factor

A characteristic, condition, or behavior that increases the likelihood of developing a disease or health condition.

Life Span

The maximum duration of life of a species or the length of life of an individual.