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tester [92]
2 years ago
9

You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket arrives, you see that t

he face value printed on it is $259.00.
Which of the following is correct?
a.The rate in the secondary market is below the equilibrium price because it falls below the face value.
b.The rate in the secondary market is above the equilibrium price because it exceeds the face value.
c.The face value is above the equilibrium price because the rate in the secondary market is below the face value.
d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.
Business
1 answer:
Anton [14]2 years ago
5 0

Answer:

d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.

Explanation:

Equillibrumnprice is defined as the price at which a buyer is willing to buy and a seller is willing to sell a product.

The buyer is willing to buy the ticket at $457 and the reseller also wants to sell at that price, so this is the equillibrum price.

The face value is $259 so it is less than the equillibrum price.

The rate in the secondary market is determining equillibrum price in this case.

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Answer:

The correct option is (A)  more, greater

Explanation:

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hence, the correct option is (A)  more, greater

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8 0
2 years ago
Read 2 more answers
At the beginning of year 3 omega company had a $60,000 balance in its accounts receivable account and a $3,000 balance in allowa
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The December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.

<h3>How is the ending balance for allowance for doubtful accounts determined?</h3>

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Some companies use an estimate based on the accounts receivable, credit sales revenue, aging of receivables, etc.

<h3>Data and Calculations:</h3>

Allowance for Doubtful Accounts:

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Learn more about the allowance for doubtful accounts at brainly.com/question/26498002

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