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Examine the market for tickets for popular sporting events through the supply and demand model. Consider the following questions: How often are you able to buy a popular event ticket (for example, the Super Bowl) at face value? How are the tickets originally rationed by the owners? Who gets the tickets at face value? Note that many more people want the tickets than there are tickets available at the face value. Consider the prices you would pay online or through ticket scalpers. How can the laws of supply and demand be used to explain this situation?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91232010

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