Business, 25.11.2021 06:50 gonzalesalexiaouv1bg

Suppose that the price of tickets to see your local football team play at home is determined by market forces. Currently, the demand and supply schedules are as follows:PriceQuantity demandedQuantity supplied€1050,00030,0002040,00030,0 003030,00030,0004020,00030,0005010, 00030,000a. Draw the demand and supply curves. What is unusual about this supply curve? Why might this be true?b. What are the equilibrium price and quantity of tickets?c. Your team plans to increase total capacity in its stadium by 5,000 seats next season. What admission price should it charge?

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