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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Definitions:

Preceding Activity

An action or task that must be completed before another specific activity or task can commence.

Probable Time

An estimate of the most likely amount of time required to complete a task or project, considering possible delays and unforeseen obstacles.

Pessimistic Time

The maximum possible time that a task or project phase is expected to take, assuming worst-case scenarios.

Optimistic Time

The shortest amount of time in which a task or project phase can realistically be completed, assuming everything proceeds better than is normally expected.