Cayden Roa owns the Red Deer Pythons, A profissional Soccer team Each time the team plays in Pythons Stadium it costs Cayden $111.000 for rent, staffing, stadium preparation, etc: Curent ticket pr for a Pythons home game are $17 per ticket, and an average game draws 6150 fans which is only 41% the Stadium's capacity Since Cayden studied economics he knows that the market for Soccer game Red Deer is not at equilibrium Ticket Pri 6000 1200 Number of Tickets Sold 6400 odb USE CHART ABOVE AND TABLE BELOW TO ANSWER FOLLOWING QUESTIONS (3 Points) What is the Equilibrium Price? What is the Equilbrum Quantity What needs to occur for equitbnum to be reachedjiefer to question for current situation?

Cayden Roa owns the Red Deer Pythons, A profissional Soccer team Each time the team plays in Pythons Stadium it costs Cayden $111.000 for rent, staffing, stadium preparation, etc: Curent ticket pr for a Pythons home game are $17 per ticket, and an average game draws 6150 fans which is only 41% the Stadium's capacity Since Cayden studied economics he knows that the market for Soccer game Red Deer is not at equilibrium Ticket Pri 6000 1200 Number of Tickets Sold 6400 odb USE CHART ABOVE AND TABLE BELOW TO ANSWER FOLLOWING QUESTIONS (3 Points) What is the Equilibrium Price? What is the Equilbrum Quantity What needs to occur for equitbnum to be reachedjiefer to question for current situation?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 29CTQ: A city has build a bridge over a river and it decides to charge a toll to everyone who crosses. For...

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