Above is the demand schedule for tickets to a Carnegie Hall performance of the Grateful Dead. Carnegie Hall seats 2,200 people. What is the equilibrium price and quantity for a concert of the Grateful Dead at Carnegie Hall?

Above is the demand schedule for tickets to a Carnegie Hall performance of the Grateful Dead. Carnegie Hall seats 2,200 people. What is the equilibrium price and quantity for a concert of the Grateful Dead at Carnegie Hall?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 12E

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Question

QD
(S)
16 3,000
2,800
| 2,600
2,400
24
18
20
22
| 2,200
26
2,000
28
1,800
30
1,600
Above is the demand schedule for tickets to a
Carnegie Hall performance of the Grateful Dead.
Carnegie Hall seats 2,200 people.
What is the equilibrium price and quantity for a
concert of the Grateful Dead at Carnegie Hall?

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