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3 years ago

When excess demand exists for tickets to a major sporting event or a concert, profit opportunities exist for scalpers?

1 answer:

8 0

Here is the answer. When excess demand exists for tickets to a major sporting event or a concert, profit opportunities exist for scalpers because they do work efficiently because they allow ticket prices, especially those in high demand to reach an equilibrium by supplying those who want a ticket at market price allowing them to get one, and by allowing those with utilities below the market price to <span>sell them. With their help, no tickets would be gone to waste. Hope this answers your question.</span>

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3 years ago

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Ellajane Corporation - Journal Entries

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1-Mar Treasury Stock $35,000

To Cash $35,000

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(Being 1250 shares of treasury stock sold at $18 per share)

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Additional Paid in Capital A/c $2,500

To Treasury Stock (1250*14) $17,500

(Being 1250 shares of treasury stock sold at $12 per share)

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3 years ago

When excess demand exists for tickets to a major sporting event or a​ concert, profit opportunities exist for scalpers?

When excess demand exists for tickets to a major sporting event or a concert, profit opportunities exist for scalpers?