The Graph Below Shows the Supply and Demand for Tickets

question 115

Multiple Choice

The graph below shows the supply and demand for tickets to a Raptors basketball game.

-Refer to the graph above to answer this question.Which of the following statements is correct?

• A)If demand is D₃,then all the tickets could not be sold.
• B)If demand in D₂,then there would be a shortage of tickets.
• C)If the price of a ticket is $40 and demand is D₂,then ticket scalping would result.
• D)If the price of a ticket is $40 and demand is D₃,then ticket scalping would result.
• E)The supply curve is perfectly elastic and the demand curves are inelastic.

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Definitions:

Employee Motivation

The drive or inclination that influences an individual's choice of actions and effort levels towards achieving work-related goals.

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The process of adjusting individuals' goals, expectations, or actions to match organizational or team objectives, ensuring coherent and unified efforts.

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Human beings, individually or collectively, considered in a social or demographic context.

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are goods or services that are created through a process and offered in the market to satisfy the needs or desires of consumers.