A Ballet Performance Had Many Empty Seats

question 13

Multiple Choice

A ballet performance had many empty seats.This implies that the

• A) Hall where the performance was being held was very large.
• B) Price of the tickets must have been very low because of the low demand.
• C) Ballet group was not very well known.
• D) Price of the tickets must have been above the equilibrium price. At prices above equilibrium, a market surplus exists.

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