Main rationing mechanism to allocate tickets for the game

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Reference no: EM13999852

The Milwaukee Brewers are playing their archrival the Chicago Cubs. Bleacher tickets for the game were sold out and many fans would have attended if tickets were available.

1. Draw the demand and supply lines for bleacher tickets for this game. Label the equilibrium bleacher price and the current bleacher price. (Hint: You can use the drawing tools in Word to draw a demand and supply line.) 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?

Reference no: EM13999852

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