In some states and localities scalping is against the law, although enforcement of these laws is spotty.
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In some states and localities "scalping" is against the law, although enforcement of these laws is spotty.
a. Using supply/demand analysis and words, demonstrate what a weakly enforced antiscalping law would likely do to the price of tickets.
b. Using supply/demand analysis and words, demonstrate what a strongly enforced antiscalping law would likely do to the price of tickets.
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