Suppose ASU decides to sell tickets to its three 2020 football home games.Market research suggests differing demand schedules for younger fans (ages 21 and under) and older fans (ages 22 and up).The demand schedules are shown below.

Sun Devil Stadium has a capacity of 53,599.

Age 21 and under

Price Quantity

$100 4,000

$80. 4,500

$60. 6,500

$40. 7,500

$20. 8,500

Age 22 and up

Price Quantity

$150. 15,000

$120. 20,000

$100. 25,000

$80 35,000

$60 45,000

$40 60,000

$20 75,000

A. Show the overall demand schedule for ASU games.Show your work.

PriceQuantity Demanded

B. If ASU set one price for all fans, what price would it charge and how many tickets would it sell per game?Show your work

C. Calculate the consumer surplus at the price determined in part b.Show your work.

D. (2 pts) If ASU were to charge a different price for younger fans than it charged for older fans, what prices would they charge each group?Show your work.

Ages 21 and under:

Ages 22 and up:

e. Is ASU better off charging one price for all fans or charging different prices to different age groups?Support your answer.