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You will listen to the following podcast, link is below. http://www.npr.org/blogs/money/2013/06/25/195641030/episode-468-kid-rock-vs-the-scalpers Links to an external site. Episode 468: Kid Rock Vs. The Scalpers. Then answer

You will listen to the following podcast, link is below. http://www.npr.org/blogs/money/2013/06/25/195641030/episode-468-kid-rock-vs-the-scalpers

Links to an external site. Episode 468: Kid Rock Vs. The Scalpers. Then answer the following question.

I do not understand the graphing part of the question and using supply and demand to shoe the quilibrium.

  1. Graph marketplace of Kid Rock's concert tickets (using supply and demand).Show equilibrium price of tickets (where price of tickets should be) and show where concert promoters are pricing tickets that allows for scalpers to exist.

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