ECONTuteNotes129.pdf - 411 Award 1.00 point The graph below...

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411. Award: 1.00 point The graph below shows the market for tickets to a "Final Four" sports event. Assume that there is only one kind of ticket to the event. Given this market, if the event organizers pre-set the price at $20, then this action would result in a shortage of 5,000 units. shortage of 55,000 units. surplus of 5,000 units. surplus of 50,000 units. References Multiple Choice Difficulty: 01 Easy Learning Objective: 03-06 Identify what government-set prices are and how they can cause product surpluses and
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