Ask Question
BusinessBusiness
2 January, 03:52

Season tickets to the miami heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. as the season progresses, it is clear that the heat will make it to the playoffs. what is the effect on resale price of tickets to miami heat games, assuming resale is legal?

+1
Answers (1)
  1. 2 January, 04:00
    0
    In this closed economy for basketball tickets, we experience a limited, finite supply, and an increasing demand for the tickets as the playoff season approaches. As such, we expect the demand curve to move through reselling until settling at a new equilibrium consisting of a much higher price for the tickets than the original $30 figure.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Season tickets to the miami heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. as the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Forever Jewelers uses the perpetual inventory system. On April​ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500 for $ 9 comma 000$9,000 to a customer on account with terms of 22​ /15, ​ n/30.
Answers (1)
2. Shoplifting is a very serious problem for retail store owners, with millions of dollars of merchandise stolen each year. Obviously, some shoplifters put clothing and other items under their clothes and then attempt to leave the store.
Answers (1)
When working on group writing projects, teams should use version control software to?
Answers (2)
Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in the partnership toBrittney, for which Brittney will pay Mandy $85,000.
Answers (1)
Kiosks and carts are ideal locations for 1. clothing outlets. 2. pop-up retailers. 3. hair salons. 4. manufacturing plants.
Answers (2)
New Questions in Business
What publication can give you an idea of how administrative jobs are going to change in the future? A: Office Pro B: Occupational Outlook Handbook C: From 9 to 5 D: The Executary
Answers (1)
At a four-way stop, if two cars arrive at the intersection at the same time: A) the larger car has the right of way B) the vehicle on the right yields to the vehicle on the left C) the smaller car has the right of way D) the vehicle on the left
Answers (1)
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted.
Answers (1)
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions asked. This is an example of how Zappos has a strong competitive advantage through
Answers (1)
Based on the corporate valuation model, the total corporate value of chen lin inc. is $900 million. its balance sheet shows $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, $140 million in retained
Answers (1)
Home » Business » Season tickets to the miami heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. as the season progresses, it is clear that the heat will make it to the playoffs.
Sign Up Forgot Password?