There are 10 000 seats available at Centre Court for the Wimbledon Tennis Championships. If the price of the seats at Centre Court for the Wimbledon Tennis Championships is fixed above the equilibrium price, there will be:
an excess demand for seats.
an excess supply of seats.
scope for the development of a black market.
a need to ration the tickets.
no empty seats.
1 answer
an excess supply of seats.
1 answer