Demand and supply for the world cup final game

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The table below shows the demand and supply for the World Cup Final game in the Luzhniki Stadium in Moscow. 

Price ($) per ticket

Quantity Demanded 1

Quantity Supplied

Quantity Demanded 2

150

129,000

99,000

 

200

119,000

99,000

 

250

109,000

99,000

 

300

99,000

99,000

 

350

89,000

99,000

 

400

79,000

99,000

 

450

69,000

99,000

 

a. If the organizers wish to ensure a sellout for the final game, the highest price per ticket they can charge is $.

b. If the organizers decided to charge a price of $250 per ticket, there would be a (Click to select) shortage surplus of.

c. Suppose that the demand for each game in the qualifying rounds is 20,000 less than for the final game. In the table above, show the demand for a qualifying round game in the column titled Quantity Demanded 2.

d. If the organizers wish to ensure a sellout for each qualifying round game, the highest price per ticket they can charge is $.

Reference no: EM133067589

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