economics

posted by .

The Milwaukee Brewers are playing their archrival Chicago Cubs. Bleacher tickets for the game were sold out and many fans would have attend if tickets were availiable.
1. Draw the demand and supply lines for bleacher tickets for this game. Label the equilibruim bleacher price and the current bleacher price. Label the equilibrium price and state whether the actual price is above or below equilibrium.
2. Did the Brewers use the optimum pricing policy? Explain. If not,explain.
3. What is the main rationing mechanism to allocate tickets for the game?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    I don't understand how to figure this out. Couldn't you have multiple answers?
  2. 9th Grade Math

    The money collected at a school basketball game was 2,265 from 543 paid admissions. If adult tickets sold at $5.00 each and student tickets sold for $3.50 each, how many tickets of each kind were sold?
  3. math

    the students are selling tickets to the school fair. all tickets cost the same amount. carly sold 3 tickets for a total of $9. Karen sold 6 tickets for a total of $18. brendan sold 4 tickets for a total of $12. what is the price per …
  4. Math

    The drama club raised a total of $1,123.50 selling tickets to its production of Othello. Tickets cost $4.50 for adults and $2.00 for students. Three times as many student tickets were sold as adult tickets. Which system of equations …
  5. Math

    Tickets to a game are $5 for adults and $2 for children. Six hundred tickets are sold for a total of $2160. How many adult tickets and how many children's tickets have been sold?
  6. Math

    The play sold 88 tickets. The adult tickets sold for $8 and the kid tickets sold for $5. The total amount collect for tickets was $614. How many tickets of each type were sold?
  7. Math

    The seventh graders sold tickets to their play.the tickets cost $3 for students and $6 for adults. For one performance they sold 79 tickets and collected $375. How many student tickets and how many adult tickets were sold?
  8. algebra

    At at basketball game,adult tickets were sold at $1.00 each and student tickets at 75c each. If 150 tickets were sold and $140 was collected,how many tickets of each kind were sold?
  9. Math

    Exactly 120 tickets were sold for a concert. The tickets cost $12 each for adults, $10 each for seniors, and $6 each for children. The number of adult tickets sold was equal to the number of child tickets sold. Given that the total …
  10. math

    Tickets for a certain show cost ​$15​, $24​, ​or, for VIP​ seats, ​$41. If ninenine times as many ​$15 tickets were sold as VIP​ tickets, and the number of ​$15 tickets sold was 55 more than the sum of the number …

More Similar Questions