10 If the equilibrium price for tickets to a a Shakira concert is $130 each and she sells them for $90, a. Does she create a market surplus or shortage? Surplus Shortage Neither a shortage nor surplus b. Suppose scalpers buy 10,000 tickets and resell them for $130 each. How much profit do the scalpers earn?

10 If the equilibrium price for tickets to a a Shakira concert is $130 each and she sells them for $90, a. Does she create a market surplus or shortage? Surplus Shortage Neither a shortage nor surplus b. Suppose scalpers buy 10,000 tickets and resell them for $130 each. How much profit do the scalpers earn?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 4DQ

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