Scalpers Sell Tickets for Such Events as the World Series

question 137

Multiple Choice

Scalpers sell tickets for such events as the World Series and the Super bowl for prices many times the amount printed on the tickets.This situation is an example of which of the following conditions?

• A)Market in equilibrium
• B)Surplus causing an increase in market price
• C)Shortage causing an increase in market price
• D)Market in which the quantity demanded is less than the quantity supplied

---

Definitions:

Digital Divide

The gap between those who have access to information and communications technology and those who do not.

Societal Pressure

Refers to the influence exerted by society on individuals or groups to conform to certain norms, behaviors, or values.

More Powerful

Describes something that has a greater level of strength, influence, or capability compared to others.

Market Pressure

The influence on a company or industry resulting from changes in market conditions, such as customer demand, competition, or regulatory environment.