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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 13
Use the table below to answer the questions that follow:
a. If this table reflects the supply of and demand for tickets to a particular World Cup soccer game, what is the stadium capacity?
b. If the preset ticket price is $45, would we expect to see a secondary market for tickets? Would the price of a ticket in the secondary market be higher than, the same as, or
c.Suppose for some other World Cup game the quantities of tickets demanded are 20,000
a. If this table reflects the supply of and demand for tickets to a particular World Cup soccer game, what is the stadium capacity?
b. If the preset ticket price is $45, would we expect to see a secondary market for tickets? Would the price of a ticket in the secondary market be higher than, the same as, or
c.Suppose for some other World Cup game the quantities of tickets demanded are 20,000
Explanation
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Verified
(a)From the table it is clear that the s...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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