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The 2005 Boston Globe article discussing ticket scalping points out that the price people will pay for tickets will rise when a. supply and demand are both limited. b. supply is limited and demand is not limited. c. supply is limited and demand is not limited. d. supply and demand are both not limited.

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Answer:

Supply is limited and demand is not limited.

Step-by-step explanation:

According to the law of demand, there is a inverse relationship between the price of the goods and the demand for the goods. On the other hand, law of supply says that there is a direct relationship between the price of the good and supply of the good. If there is a shortage of goods in the market then this will result in a higher price for a good because of the higher demand for the product. The producers try to make more profits by charging higher prices because of the shortage in the economy.

Hence, the price people will pay for tickets will rise when the supply of tickets is limited and demand for tickets is not limited.

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User KomodoDave
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