For Indiana University Business Grads, A Tough Final Lesson

Ann McClure's picture

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.

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