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Question
If a rock star insists that tickets to her concert be sold for $150 each rather than the $450 each that could be charged as reflected by demand for those tickets, then the result will be
A) to create an excess supply of tickets.
B) to eliminate $150 worth of economic rent per ticket.
C) that part of the economic rent will be dissipated by scalpers, radio station owners, etc..
D) that the demand for tickets will decrease.
Answer
This answer is hidden. It contains 1 characters.
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