Most concerts for major artists are held in venues with finite seating - for example, Camping World Stadium in Orlando with seating for 65,000. If Beyonce' was having a concert there, people would likely line up days in advance for the tickets and there would be many more people who wanted tickets than could actually get them. How does the price elasticity of demand and the price elasticity of supply explain this?

Marcus nurseries inc.'s 2005 balance sheet showed total common equity of $2,050,000, which included $1,750,000 of retained earnings. the company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. if the firm had net income of $250,000 in 2006 and paid out $100,000 as dividends, what would its book value per share be at the end of 2006, assuming that it neither issued nor retired any common stock?