Ask Question
25 December, 21:25

If the demand curve for tickets to a taping of a television show intersects the supply curve for tickets to that show at a negative price, then in order to put that market in equilibrium the producers would need to pay people to view the show being taped. A. TrueB. False

+4
Answers (1)
  1. 25 December, 21:53
    0
    Answer: A. True

    Explanation: A demand curve is the graphical representation of quantity of goods demanded and price. The price is at the left vertical axis and the quantity is at the right horizontal axis.

    When demand and supply intersect, there is price equilibrium that is the quantity demanded and the quantity supply are same. The market can move below or about this equilibrium.

    As the television show intersect the supply curve at a negative price, an increase in views will put it back to an equilibrium price.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the demand curve for tickets to a taping of a television show intersects the supply curve for tickets to that show at a negative price, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers