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5 The supply and demand curves for baseball tickets to see the Midwest Profiteers, a local baseball team, are given below. Use the information in the graph to answer the following questions: Market for Baseball Tickets 1.5 points 100 - 90 - S eBook 80 70 60 - References Price ($/ticket) 50 - 40 - 30 - D 20 10 0 - 0 5 10 15 20 25 30 35 40 45 Quantity (1,000s tickets/game)Instruction: Remember to include the appropriate number of zeros in your answer. a. At a price of $50, sellers will offer tickets and buyers would like to purchase tickets per game. b. A price of $80 per ticket would lead to of tickets. c. The marginal seller's cost of supplying 15,000 tickets is $ |:| , which is also known as the seller's . d. If the marginal buyer of the 10,000th ticket nds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 3 e. If the marginal buyer of the 25,000th ticket finds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 3 . f. Assume that tickets for a playoff game are sold out. If a seller offers to sell the 10,000th ticket to the buyer that is most eager to ee the game for $70. the consumer would be . g. A reduction in the price of tickets from $80 to $70 would make the market _ Instruction: Remember to include the appropriate number of zeros in your answer. a. At a price of $50, sellers will offer tickets and buyers would like to purchase tickets per game. b. A price of $80 per ticket would lead J (Click to select) tickets. a market equilibrium c. The marginal seller's cost of supplyin 3" :\"fss demand , which is also known as the seller's (Click to select) : . a S or age an excess supply d. If the marginal buyer of the 10,000th lemmasmale to buy a ticket when the price per ticket is $60. the market is A (Click to select) v e. If the marginal buyer of the 25,000th ticket finds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 6 . f. Assume that tickets for a playoff game are sold out. If a seller offers to sell the 10,000th ticket to the buyer that is most eager to ee the game for $70, the consumer would be . g. A reduction in the price of tickets from $80 to $70 would make the market . Instruction: Remember to include the appropriate number of zeros in your answer. a. At a price of $50, sellers will offer tickets and buyers would like to purchase tickets per game. b. A price of $80 per ticket would lead to of|:| tickets. c. The marginal seller's cost of supplying 15,000 tickets is $ |:| , which is also known as the seller J (Click to select) reservation price d. If the marginal buyer of the 10,000th ticket nds it impossible to buy a ticket when the price per tic \"0f\" et is revenue . ' (Click to select) v . market price e. If the marginal buyer ofthe 25,000th ticket finds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 3 . f. Assume that tickets for a playoff game are sold out. lfa seller offers to sell the 10,000th ticket to the buyer that is most eager to ee the game for $70, the consumer would be . g. A reduction in the price of tickets from $80 to $70 would make the market _ Instruction: Remember to include the appropriate number of zeros in your answer. a. At a price of $50, sellers will offer |:| tickets and buyers would like to purchase |:| tickets per game. b. A price of $80 per ticket would lead to of|:| tickets. c. The marginal seller's cost of supplying 15,000 tickets is $ , which is also known as the seller's . d. If the marginal buyer of the 10,000th ticket nds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 3 e. If the marginal 99.31959\" the 25,000th ticket finds it impossible to buy a ticket when the price per ticket is $60, the market is J (Click to select) not Pareto efficient in \"Ui'ib'ium playoff game are sold out. If a seller offers to sell the 10.000th ticket to the buyer that is most eager to ee experiencing excess supply _ A experiencing excess demand umer would be (Cllck to select) v . g. A reduction in the price of tickets from $80 to $70 would make the market (Click to select) : . Instruction: Remember to include the appropriate number of zeros in your answer. a. At a price of $50, sellers will offer tickets and buyers would like to purchase |:| tickets per game. b. A price of $80 per ticket would lead to of|:| tickets. c. The marginal seller's cost of supplying 15,000 tickets is $ |:| , which is also known as the seller's . d. If the marginal buyer of the 10,000th ticket nds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 6 e. If the marginal buyer of the 25,000th ticket finds it impossible to buy a ticket when the price per ticket is $60, the market is (Clickto select) 6 . f. Assume that tickets for a playoff game are sold out. If a seller offers to sell the 10,000th ticket to the buyer that is most eager to ee the game for $70, the consumer would \\I [Click to select) paying too much g. A reduction in the price of tickets from :gexjfsjlif'ne'c'ency the market (Click to select) : . $10 better off Instruction: Remember to include the appropriate number of zeros in your answer. a. At a price of $50, sellers will offer |:| tickets and buyers would like to purchase |:| tickets per game. b. A price of $80 per ticket would lead to of|:| tickets. c. The marginal seller's cost of supplying 15,000 tickets is $ |:| , which is also known as the seller's . d. If the marginal buyer of the 10,000th ticket nds it impossible to buy a ticket when the price per ticket is $60, the market is A (Click to select) v e. lfthe marginal buyer of the 25,000th ticket finds it impossible to buy a ticket when the price per ticket is $60, the market is (Click to select) 6 . f. Assume that tickets for a playoff game are sold out. If a seller offers to sell the 10,000th ticket to the buyer that is most eager to ee the game for $70, the consumer would be . g. A reduction in the price of tickets from $80 to $70 would make the mark J (Click to select) better for sellers at the expense of buyers less efficient better for buyers at the expense of sellers more efficient