A Price Floor of $29 has been set by the Math ruling body for all games and is shown on the chart below. Q Ticket Price 1800 6400 8000 9600 Number of Tickets Sold With this price control in effect What would be the market price?$ 29 What would be the number of tickets exchanged(Refer to Table 1)7 9303 Is the market operating efficiently? Yes No Sometimes O Cannot Determine (3 Points) Bottom of Bracket Top of Bracket Rate $44,386 16% $44.386 $88,772 21% $88,772 $155,351 26% 155.351 Rest of Income 36% The top player on the Pythons is Abram Trujillo and they earn $103,594 per season. Assuming this is their entire income answer the following questions using the table above: What is their total income taxes? $ 15,148.24 What is their marginal income tax rate (As a Percentage)?|% What is their average tax rate, Assume($20500 for Income Tax)?% Answer the following questions regarding concerning Elasticity (3 Points) 1. What is the total revenue if there are 7500 tickets sold at a price of $327$ 2. If tickets prices have an Elasticity of Demand of 1.13 and we Increase prices by 22%, what is the percent change in quantity?% 3. What would happen to total revenue we Increase prices by 22%? No Change Increase O Uncertain Decrease