A Price of $14 has been set by the Math ruling body for all games and is shown on the chart what would be the market price A Price Floorof $29 has been set by the Mathruling body for all games and is shown on the chart below, Q Ticket Price 3200 4800 6400 8000 Number of Tickets Sold 'With this price control in effect: What would be the market price?$| | What would be the number of tickets exchanged|Refer to Table 1)?, Is the market operating efficiently? O Yes O Ne (O Cannot Determine O Sometimes (3 Points) Bottom of Bracket Top of Bracket Rate $0 848,475 19% $48.475 $96,950 23% $06,950 $169,663 28% 169,663 Rest of Income % The top player on the Inferncis DaxRoaand they earn $179,473 per season. Assuming this is their entire income answer the following questions using the table above: What is their total income taxes? $ 'What is their marginal income tax rate (As a P.mlntngul?u% What is their average tax rate, Assume($44500 for Income Tax)? | % Answer the following questions regarding concerning Elasticity:(3 Points) 1. What is the total revenue if there are 5580tickets sold at a price of SZB?SD 2. If tickets prices have an Elasticity of Demand of 1.15and we Increaseprices by 18%hat is the percent change in quantity? % 3, What would happen to total revenue we Increaseprices by 18%7 () No Change () Uncertain O Increase (0 Decrease