How can the laws of supply and demand be used


Problem

Examine the market for tickets for popular sporting events through the supply and demand model. Consider the following questions:

• How often are you able to buy a popular event ticket (for example, the Super Bowl) at face value?

• Consider the prices you would pay online or through ticket scalpers. How can the laws of supply and demand be used to explain this situation?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How can the laws of supply and demand be used
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