Question
If the equilibrium price for tickets to a a J. Cole concert is $100 each and he sells them for $90. a. Does he
If the equilibrium price for tickets to a a J. Cole concert is $100 each and he sells them for $90. a. Does he create a market surplus or shortage? b. Suppose scalpers buy 9,000 tickets and resell them for $100 each. How much profit do the scalpers earn? $
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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