The Graph Below Shows the Market for Tickets to a "Final

question 188

Multiple Choice

The graph below shows the market for tickets to a "Final Four" sports event. Assume that there is only one kind of ticket to the event. Refer to the above market graph for tickets to a "Final Four" sports event. Given this market, if the event organizers pre-set the price at $20, then this action would result in a:

• A) Shortage of 5,000 units
• B) Shortage of 55,000 units
• C) Surplus of 5,000 units
• D) Surplus of 50,000 units

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Definitions:

Mass Murderers

Individuals who commit acts of murder against multiple victims in a single event or in a closely related series of events.

Disgruntled Employees

Workers who are dissatisfied with their job conditions, which can lead to reduced productivity, morale, and sometimes acts of retaliation against the employer.

Defensive Hate Killers

Individuals who commit murder out of a belief they are protecting themselves or their way of life from perceived threats.

Racial Hate Killers

Individuals who commit murder motivated by racial hatred or bias.