Ask Question
BusinessBusiness
31 October, 05:25

If the organizers of a major sports event set the ticket price above the equilibrium level, then scalping will develop in a secondary market for tickets.

True / False.

+2
Answers (1)
  1. 31 October, 06:55
    0
    Answer: FALSE

    Explanation: Scalping in the market refers to the situation of making small profits from price changes.

    In the given case, scalping cannot occur as the initial trader is already pricing the offered service at a price higher than the equilibrium level, thus, the market for the secondary dealer will not be very strong as the demand for the product will depend heavily on the initial prices set.

    Hence, the given statement is false.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the organizers of a major sports event set the ticket price above the equilibrium level, then scalping will develop in a secondary ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Match the departments with task that they perform in the fulfillment process. Sales Accounting Warehouse A. Prepares and sends the shipment B. Prepares and sends the quotation C. Prepares and sends the invoice
Answers (1)
An company buys a color printer that will cost $18,000 to buy, and last 5 years. It is assumed that it will require servicing costing $500 each year. What is the equivalent annual annuity of this deal, given a cost of capital of 12%? A. - $3983 B.
Answers (1)
Brick-n-Go, a construction firm, is in need of a construction superintendent whose primary responsibilities involve organizing, supervising, and inspecting the work of several subcontractors.
Answers (1)
Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment? (A) credit Cash and debit Owner's Equity (B) credit Cash and debit Retained Earnings (C) credit Cash and debit Investments (D) debit Cash and credit
Answers (1)
The chart shows the pricing history for two items. Which person saved the most money by buying a product at the right time?
Answers (1)
New Questions in Business
John Hernandez is 24 years old and has saved enough money to fund an adequate emergency fund. In addition, he has saved $5,600 that can be used to fund an investment program.
Answers (2)
Jan. 8 Issued Check 2101 for $2,450 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $50. 10 Purchased merchandise for $1,250 from Song, Inc., Invoice 1920; terms 2/10, n/30.
Answers (1)
The value that consumers get (from consuming a product) over and above what they actually paid for the product is called rev: 05_10_2018 Multiple Choice consumer demand. consumption expenditures. consumer surplus. consumer utility.
Answers (1)
Chunky Chicken, Inc., announced yesterday that it plans to issue $100 million in debenture bonds to fund the expansion of its fast food chain of restaurants. In financial terms, this means: A.
Answers (1)
Hockey Accessories Corporation manufactured 21 comma 600 duffle bags during March. The following fixed overhead data pertain to March: Actual Static Budget Production 21 comma 600 units 22 comma 000 units Machineminushours 1 comma 150 hours 2 comma
Answers (1)
Home » Business » If the organizers of a major sports event set the ticket price above the equilibrium level, then scalping will develop in a secondary market for tickets. True / False.
Sign Up Forgot Password?