Suppose that more people want Orange Bowl tickets than the number of tickets available. Which of the following statements is correct?
A. If the box office price were raised, the excess demand for Orange Bowl tickets would decrease.
B. The box office price is higher than the equilibrium price for Orange Bowl tickets.
C. There is a shortage of Orange Bowl tickets at the box office price.
D. both a and c
E. all of the above
Answer: D
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