ALL QUESTIONS ANSWERED TO 2 DECIMALS Abram Roa owns the Toronto Quick Bees, A professional E Sports team. Each time the team plays in Quick Bees Stadium it costs Abram $140,000 for rent, staffing, stadium preparation, etc. Current ticket prices for a Quick Bees home game are $19 per ticket, and an average game draws 7700 fans which is only 55% the Stadium's capacity. Since Abram studied economics he knows that the market for E Sports games in Toronto is not at equilibrium. 28- 26- 24- 22- Ticket Price 20- X 18- 16- 14- 6000 7200 8400 9600 Number of Tickets SoldTABLE 1: Fill out the table (9 Points) Ticket Quantity demanded Quantity Supplied Elasticity of Demand Elasticity Price (No Neg. Numbers) USE ( for Inelastic, U for Unit E for Elastic) 18 9800 5733 9100 6052 20 8400 6370 21 7700 6689 22 7000 7000 23 6300 7326 24 5600 7645 Indicate the change in price and quantity for the shown event in bold. (6 Points) The median Income In Toronto Is higher, Quick Bees tickets are considered a normal good. Quantity: O Uncertain O Decrease Increase Unchanged Price: O Decrease O Increase O Unchanged O Uncertain