Graduating business majors at Indiana University are seeing a real-life demonstration this week of the laws of supply and demand, scarcity and consumerism gone a bit wild.
The hot product: tickets to the IU Kelley School of Business' Friday graduation recognition ceremony, being hawked on a student-run black market. The prices: $150 to $995.
The lively secondary market in graduation tickets -- tickets are required this year for the first time at the Kelley ceremony -- has found grudging buyers, judging from sold-out notices on some classified ads.
But the more common reaction is student Shannon Beatty's -- downright disgust.