Homework #1 3 1.25 points eBook References Use the following table to answer the questions that follow. Quantity Demande

[answerhappygod]

Homework 1 3 1 25 Points Ebook References Use The Following Table To Answer The Questions That Follow Quantity Demande 1 (31.5 KiB) Viewed 11 times

Homework #1 3 1.25 points eBook References Use the following table to answer the questions that follow. Quantity Demanded, Quantity Supplied, Thousands 65 65 Thousands 80 75 70 65 60 55 50 Yes Price $25 35 45 55 65 75 85 65 65 The 65 Instructions: Enter the full value of the number. For example, a table value of 80 would be entered as 80,000 a. If this table reflects the supply of and demand for tickets to a particular World Cup soccer game, what is the stadium capacity? 65 65.000 b. If the preset ticket price is $35, would we expect to see a secondary market for tickets? 65 event would not be a sallout: If someone who purchased a ticket tried to resell it, would the price be higher than, the same as, or lower than the price in the primary (original) market? Higher than c. Suppose for some other World Cup game, the quantity of tickets demanded is 20,000 lower at each ticket price than what is shown in the table. If the ticket price remains $35, would the event be a sellout? 2 of 24 Next >