question archive How do the forces of supply and demand affect the sale of ticket prices? a
How do the forces of supply and demand affect the sale of ticket prices? a
Subject:MarketingPrice:2.88 Bought3
How do the forces of supply and demand affect the sale of ticket prices?
a. As demand for tickets increases and supply of tickets decreases, the cost of tickets decreases.
b. As demand for tickets decreases and supply of tickets decreases, the cost of tickets decreases.
c. As demand for tickets decreases and supply of tickets increases, the cost of tickets increases.
d. As demand for tickets increases and supply of tickets decreases, the cost of tickets increases.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
d. As demand for tickets increases and the supply of tickets decreases, the cost of tickets increases
As the demand for tickets increases, the suppliers have to supply more to match the demand. But, if the supply of tickets decreases, the cost of production will increase. The cost of production will increase the price. Hence the higher demand and lower supply will create a shortage in the market and the price will be higher.
