micro 087 11 092204

micro 087 11 092204 - b) For 8000 tickets, the equilibrium...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Adam Petrone-ID #000490127 9/22/04 Economics Sattinger p. 87 #11 a) This supply curve is unusual because it is based on price and not quantity available. Since the quantity of available tickets is static, the demand can only be based on the price of a ticket.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: b) For 8000 tickets, the equilibrium price is $8/ticket c) Equilibrium price for 8000 tickets with 5000 additional students at the college is $12/ticket Price Quantity Demanded 4 14000 8 11000 12 8000 16 6000 20 2000...
View Full Document

This note was uploaded on 04/28/2008 for the course ECO 110 taught by Professor Liugang during the Fall '08 term at SUNY Albany.

Ask a homework question - tutors are online