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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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