Ask Question
BusinessBusiness
1 March, 09:22

The economic significance of successful ticket scalping (scalpers sell tickets at higher than official prices) at baseball games is that:

+3
Answers (1)
  1. 1 March, 09:42
    0
    Scalpers lead to the understanding that there is an overabundance of demand for tickets in comparison to the supply of tickets. With buyers willing to pay a premium for the scalped tickets, this can show that there is the ability for ticket prices to be raised and customers will still purchase them.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The economic significance of successful ticket scalping (scalpers sell tickets at higher than official prices) at baseball games is that: ...” 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
Dave harris has just purchased a bond with a face value of $1,000 that pays 6 percent. the purchase price of the bond was $900, and the bond will mature in 5 years. what is the yield to maturity for this bond?
Answers (1)
What is the best strategy to avoid paying intrest on your credit cards
Answers (1)
What is your reaction to Harriet's suggestion of using the cost of debt only? Is it a good idea or a bad idea?
Answers (1)
A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: a. an increase of $9,000 from investing activities b.
Answers (1)
After teaching a class on game theory, your instructor announces that if every student skips the last question on the next exam, everyone will receive full credit for that question.
Answers (1)
New Questions in Business
Yakov left his job as a plumber when his wife took a position in another region. the quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated wages.
Answers (1)
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $278,400 of total manufacturing overhead cost for an estimated activity level of 12,000
Answers (1)
Sweet Cream is an ice cream manufacturer. It sells Guilt-Free, a zero-calorie ice cream, which competes with Flavor Bell's Moo Sweet, a low-calorie ice cream. Flavor Bell reduces Moo Sweet's prices to match Guilt-Free's prices.
Answers (1)
Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. finance/accounting B. research and development C. production/operations D. marketing
Answers (1)
If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?
Answers (1)
Home » Business » The economic significance of successful ticket scalping (scalpers sell tickets at higher than official prices) at baseball games is that:
Sign Up Forgot Password?