EcoN 問題 - Ans.fyi 參考答案

EcoN 問題

2008-08-22 5:39 am

When pop concerts face excess demand for tickets,black markets often emerge,that is,some individuals buy up blocks of tickets and then illegally resell them at higher black-market prices.As a rule,if they are caught,the law will punish
the sellers in the black market but not the buyers.

What will the resale price of tickets be if the reselling is perfectly legal(as compared to the illegal black-market price)?And what will the illegal black-maeket price be if both sellers and buyers are subject punishment when caught?(10mks)

回答 (1)

用戶22404

2008-08-25 11:12 pm

✔ 最佳答案

I think the resale price of tickets to be LOWERED if the reselling is perfectly legal(as compared to the illegal black-market price). This is because the sellers requested higer price to bear the risks of being punished by the law. Therefore, if they become legal to do so, the resell price should be lower. However, if both sellers and buyers are subject punishment when caught, the number of buyers would be greatly reduced, hence, the illegal market price should also be LOWERED.

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