You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket
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You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket arrives, you see the face value printed on it is $259.00. Based on this transaction, is the face value price being charged by the show’s producers above, below, or equal to the equilibrium price? How do you know?
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The face value price is below the equilibrium price This is because you were able ...View the full answer
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Sandeep Gorripati
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