The 2005 Boston Globe article discussing ticket scalping points out that the price people will pay for tickets will rise when
A)supply and demand are both limited.
B)supply is limited and demand is not limited.
C)supply is limited and demand is not limited
D)supply and demand are both not limited.

Question

Quizplus · Accepted Answer

When supply is limited and demand is not limited, the price people are willing to pay for tickets will increase as scalpers can take advantage of the situation due to the high demand and low supply. This leads to a higher price for tickets in the secondary market, also known as scalping.

The 2005 Boston Globe Article Discussing Ticket Scalping Points Out