Use the table below to answer the questions that follow: LO5

a. If this tablee flrects the supplyf oand demando r f tickets to a particular World Cup soccer game, what is the stadium capacity?

b. If the perset ticket price is $45,o uwld we expect to see a secondary market for tickets? Would the price of a ticket in the secondary market be higher than, the same as, or lower than the price in the primary

(original) market?

c. Suppose ofr some other oWrld Cup game the quantity of tickets demanded is 20,000 lower at each ticket price than shown in the table. If the ticket price remains $45, would the event be a sellout?

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Quantity Demanded, Thousands Price 80 $25 Quantity Supplied, Thousands 60 75 35 60 70 45 60 65 55 60 60 65 60 55 75 60 50 85 60