Unformatted text preview: a. Draw supply and demand curves for the tickets to each of the two games. (Hint: Supply is fixed; it does not change with price.) Draw one graph for each game. b. Is there a pricing policy that would have filled the ballpark for the Tampa game? c. The price system was not allowed to ration the New York tickets when they were initially sold to the public. How do you know? How do you suppose the tickets were rationed?...
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This note was uploaded on 05/23/2011 for the course ECON 101 taught by Professor Prof during the Spring '11 term at Lees-McRae.
- Spring '11