(Consider This)Ticket Scalping Refers To

question 178

Multiple Choice

(Consider This) Ticket scalping refers to:

• A) the surplus of tickets that occurs when price is set below equilibrium.
• B) the shortage of tickets that occurs when price is set above equilibrium.
• C) pricing tickets so high that an athletic or artistic event will not be sold out.
• D) reselling a ticket at a price above its original purchase price.

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Definitions:

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, typically calculated as a percentage of the purchase price.

Percentage

A rate, number, or amount in each hundred, often used to express a proportion of a whole.

Algebraic Expression

A mathematical phrase that can contain numbers, operators, and variables, but no equal sign.

Exponent Laws

Mathematical rules that describe operations on powers, including multiplication, division, and raising powers to powers.