Game was sold out and some fans could not get tickets

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Reference no: EM131097091

Suppose that 20,000 tickets were sold at $120 for an NBA game at Madison Square Garden in New York. The game was sold out and some fans could not get tickets.

a. This suggests that selling price was at equilibrium.

b. selling price was above equilibrium price.

c. he game was advertised too heavily

d. selling price was below equilibrium price

Reference no: EM131097091

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