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Business, 21.06.2021 16:20 floydsidney1119

Which statement below best describes what will most likely happen, from an economic standpoint, when a music group with growing popularity goes on tour and sells out a certain venue in hours with tickets for $25 apiece? a. Nothing changes, since the market is already clearing.
b. The price of tickets for future concert dates will rise until it hits equilibrium.
c. The group will cancel the concert and give everyone a refund.
d. The group will add more performance dates with tickets at a lower cost.

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Which statement below best describes what will most likely happen, from an economic standpoint, when...
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