Question

Ppose tickets to a popular show go on sale at 8:00 a.M. Monday morning for $50 each. When the booth opens, there is a long line of people waiting to buy tickets. Some people at the far end of the line end up not being able to buy tickets at all. Was the $50 price too high, too low, or just right? Explain your answer.

Answer 1

Definitely too low

Step-by-step explanation:

It must have been a very popular show, when people have been lining up (that is, they started to line up even earlier) for a booth that opened at 8 A.M. This means that the tickets could have been sold for a higher price.