One In the News article in the text titled "The Real March Madness: Ticket Prices " described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. Apparently the initial price of the tickets being scalped was too
A. High for equilibrium, resulting in a surplus of tickets.
B. Low for equilibrium, resulting in a shortage of tickets.
C. Low for equilibrium, resulting in a surplus of tickets.
D. High for equilibrium, resulting in a shortage of tickets.
Answer: B
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