B. Suppose that the students aggregate demand curve for tickets x is p 5 250 2 0.03x
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B. Suppose that the students’ aggregate demand curve for tickets x is p 5 250 2 0.03x and assume throughout that there are no relevant income effects to worry about. Suppose further that the aggregate demand for tickets by faculty is the same as that for students and, as in part A, 5,000 seats are available.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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