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After tickets for a major sporting event are purchased at the official box office price, a market often develops whereby these tickets sell at prices
After tickets for a major sporting event are purchased at the official box office price, a market often develops whereby these tickets sell at prices well above the official box office price. Which of the following scenarios would NOT be able to explain this result?
-Increased publicity causes the demand curve for the event to shift rightward
-The official price was below equilibrium from the moment the tickets were available
-Not everyone who wanted a ticket was able to buy one at the box office
-The event was not a sell-out.
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