Business, 11.01.2020 06:31 Abbymay17

Alarge group of fans are upset about the high price of tickets to many events. as a result of their lobbying efforts, a new law caps the maximum ticket price to any sporting event at $50. assume there are a fixed amount of seats in the stadium, all seats are available to be sold, and the price of tickets before the ceiling was at an equilibrium point above $50. the price ceiling will create a of tickets, which will be greater if demand is more and people will attend the events.

a. surplus; elastic; more
b. shortage; inelastic; fewer
c. shortage; elastic; the same number of
d. surplus; elastic; fewer

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Alarge group of fans are upset about the high price of tickets to many events. as a result of their...