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In the market for baseball tickets, the equilibrium price is 10* = 10, the equilibrium quantity is q' = 40, and the price elasticity of

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In the market for baseball tickets, the equilibrium price is 10* = 10, the equilibrium quantity is q'\" = 40, and the price elasticity of supply is E5 = 2.5. Find the supply function. 2 pts Suppose the demand changes to 9'3, = 80 8p. Calculate the new equilibrium. 2 pts Use a graph to calculate the resulting change in social surplus. Is society better or worse off after this change? 3 pts

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