Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / If the long-suffering Pittsburgh Pirates and Kansas City Royals were to meet in the World

If the long-suffering Pittsburgh Pirates and Kansas City Royals were to meet in the World

If the long-suffering Pittsburgh Pirates and Kansas City Royals were to meet in the World Series and their fans, realizing that another trip to the World Series would not some again for 50 years,  were willing to pay three times the face-value price for tickets, economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

32.If the Boston Red Sox were playing the Chicago Cubs in the World Series and fans were willing to pay three times the face-value price for tickets, economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

33.If the New Orleans Saints were playing the Arizona Cardinals in the NFC final to determine who would play in the  Super Bowl and their fans were willing to pay three times the face-value price for tickets, economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

34.Since there are long waiting lists for tickets to events that regularly occur (Duke basketball, the August NASCAR race in BristolTennessee, etc.), a profit maximizing promoter would

A)raise ticket prices.

B)lower ticket prices.

C)eliminate seating.

D)eliminate the event altogether.

35.Suppose one of baseball’s most ensuring records -the Dimaggio 56 game hit streak- were on the line. Tickets to the 57th game might command three times the face-value price for tickets. Economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

36.Suppose one of baseball’s most ensuring records -the Pete Rose career hit total record- were on the line. Tickets to the games leading up to breaking of the record might command three times the face-value price for tickets. Economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

37.Suppose one of baseball’s most controversial records -the Bonds’ 72 home run season - were on the line. Tickets to the games leading up to breaking of the record  might command three times the face-value price for tickets. Economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

38.Suppose one of baseball’s most controversial records -the Bonds’ career home run record   - were on the line. Tickets to the games leading up to breaking of the record might command three times the face-value price for tickets. Economists would suggest that a scalping market would appear and it

A)would make all ticket holders and potential buys worse off.

B)would make all ticket holders and potential buys better off (or at least no worse off).

C)cause the price to fall below the face value.

D)cause the price to fall back to the face value.

39.Since there are long waiting lists for tickets to events that regularly occur (Duke basketball, the August NASCAR race in Bristol Tennessee, etc.), a profit maximizing promoter might

A)increase seating.

B)lower ticket prices.

C)eliminate seating.

D)eliminate the event altogether.

40.When ticket scalping is legal, economists insist that the market so created ensures that

A)the people who are willing to give up the most money will see the event.

B)the people who care the most in their hearts will see the event.

C)the promoter makes the most money possible.

D)the performers make the most money possible.

Dec 10 2019 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions