If the Price of Concert Tickets Is Determined by a Government

question 163

Multiple Choice

If the price of concert tickets is determined by a government concert agency and the price is set below the equilibrium price, then

• A)no one who is willing to pay the price will see the concert.
• B)some who are willing to pay the price will not see the concert.
• C)those who are most willing to pay the price will see the concert.
• D)those who are least willing to pay the price will see the concert.
• E)everyone who is willing to pay the price will see the concert.

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