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Supply vs Demand
Date Submitted: 11/14/2001 19:42:16
Length: 2 pages (617 words)
Views: 197176
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…at the cost of following the laws of supply and demand. The NFL realize this and therefore sets a lowered price, which allows for scalpers, who follow the laws of supply and demand perfectly. Scalpers being in business for a short term profit only, find that equilibrium and sell the tickets well above face value. Works Cited http://www.theshortrun.com/classroom/glossary/macro/supply.html#lawofsupply http://vlad1mir.tripod.com/market_interaction.htm
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