The state government of Dalmatia noticed that whenever its baseball team played a match in any of

The state government of Dalmatia noticed that whenever its baseball team played a match in any of

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 The state government of Dalmatia noticed that whenever its baseball team played a match in any of the local stadiums, the prices of tickets became too high. It decided to impose a price ceiling on the ticket prices. The exhibit given below shows the demand curve for and the supply curve of baseball game tickets in Dalmatia. If the government were to impose a binding price ceiling, it should set the price at:

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$80 per ticket, which would give rise to a shortage of 16,000 tickets.

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$80 per ticket, which would give rise to a surplus of 8,000 tickets. 

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$120 per ticket, which would give rise to a shortage of 10,000 tickets.

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$120 per ticket, which would give rise to a surplus of 20,000 tickets.

 
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