When Greggs sold out of its merchandise, some people who wanted to buy their clothing were unable to. What would we expect to happen? A) Supply will shift to the left Demand will shift to the right () There will be a secondary market, where some people who bought the clothes when they were first available will resell them. The equilibrium price will be lower than the original retail price D) There will be a secondary market, where some people who bought the clothes when they were first available will resell them. The equilibrium price will be higher than the original retail price 4) Surya is hoping to buy tickets for the MSU-Ohio State football game. He looks at some online message boards and it appears that everyone is charging $200 for a ticket. However, he notices that the listings have been active for several days, and from what he has heard, most of these people haven't been able to find a buyer. This is an example of a A) Shortage B) Surplus C) Equilibrium 5) Continuing with the example above, what would you recommend Surya do? A) Offer $200 for the tickets B) Buy as many tickets as he can for $200, then plan to sell them for more than $200 on the day of the game C) Wait for the price to come down 6) According to this Wall Street Journal article, it has become common for families to get matching tattoos. From the article: Before the pandemic, around 5% of the roughly 25,000 annual customers of Three Kings Tattoo were ages 50 or older. Owner Matthew Marcus estimated that the 50-plus crowd now make up about 15% of the clients at his seven locations, which include New York, Los Angeles, Denver and London. Many of them arrive with grown children or grandchildren for matching tats. "The pandemic created more of a YOLO mentality in people,* said Mr. Marcus, using the you-only-live-once acronym. Diego Martin, owner of Hudson Valley Tattoo Company in Wappinger Falls, N.Y., estimated that the proportion of customers in their 60s and 70s has doubled in the past year to about 10% of some 3,000 men and women served. One of them, a 75-year-old man, is covering an entire arm in what is known as a sleeve