The Graph Below Shows the Supply and Demand for Tickets

question 109

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.All of the statements below,except one are correct.Which is the exception?

• A)If the price of a ticket is $40 and demand is D₃,then there will be 5,000 unsold tickets.
• B)If the price of a ticket is $60 and demand is D₂,then there is a shortage of 2,500 seats.
• C)If the price of a ticket is $20 and demand is D₁,then 5,000 people who would like to attend the game will not be able to unless they are able to buy a ticket from a scalper.
• D)Any price under $40 will result in all the tickets being sold regardless of which of the three demand curves is considered.

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