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Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply schedules are as follows: Price
Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply schedules are as follows:
| Price | Quantity Demanded | Quantity Supplied |
|---|---|---|
| (Dollars) | (Tickets) | (Tickets) |
| 4 | 15,000 | 8,000 |
| 8 | 12,000 | 8,000 |
| 12 | 8,000 | 8,000 |
| 16 | 6,000 | 8,000 |
| 20 | 3,000 | 8,000 |
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Macroeconomics Policy And Practice
Authors: Frederic Mishkin
2nd Edition
0133424316, 978-0133424317
