Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible

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Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible prices, such as those on gasoline?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:42 AM

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Why are shortages or surpluses more likely with preset prices, such as those on tickets, than flexible

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Preset prices rather than responding to demand conditions attempt to ...View the full answer

Economics

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