Tickets to a Sporting Event Go on Sale and Sell

question 57

Multiple Choice

Tickets to a sporting event go on sale and sell out almost instantly.This implies that

• A)There are too many tickets to the event.
• B)The price for the tickets is below the equilibrium price.
• C)The tickets must be very expensive.
• D)There is a surplus of tickets.

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Definitions:

Department of State

A federal executive department responsible for the international relations of the United States, managing diplomacy, negotiating treaties, and protecting U.S. interests abroad.

National Security Council

A body within the executive branch of a government that advises the head of state on national security and foreign policy matters.

NSC

The National Security Council, a principal forum used by the President of the United States for consideration of national security, military, and foreign policy matters with senior national advisors and Cabinet officials.

Joint Chiefs of Staff

The body of senior uniformed leaders in the United States Department of Defense who advise the President, the Secretary of Defense, and the National Security Council on military matters.