Supply vs Demand
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Words: 617
Pages: 2
(approximately 235 words/page)
Pages: 2
(approximately 235 words/page)
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showed first 75 words of 617 total
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showed first 75 words of 617 total
showed last 75 words of 617 total
…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
…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
