Mets World Series ticket prices spike after NLCS win Now that the New York Mets are in baseball’s World Series for the first time in 15 years, fans who don’t have a ticket will pay a hefty $1,667.82 to get one.

That’s the average asking price for a resold ticket, which is the highest since World Series price­tracking started in 2010.

Source: CNBC.com, October 22, 2015 Why is a $1,667.82 ticket price similar to “price gouging”? Is the high price an example of the market price method of allocating scarce resources? Is the market for tickets efficient? Is it fair?

Table 1 shows the demand schedule for haircuts and the supply schedule of haircuts. Use Table 1 to work Problems 2 and 3.