Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Jan 2018 My Price 6.00

World Cup soccer game

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? Explain why or why not.

Would the price of a ticket in the secondary market be higher than, the same as, or lower than the price in the primary (original) market?

c. Suppose for some other World Cup game the quantities of tickets demanded are 20,000 lower at each ticket price than shown in the table. If the ticket price remains $45, would the event be a sellout? Explain why or why not.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Jan 2018 09:01 PM My Price 6.00

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