# (Solved): Suppose that the price of basketball tickets at your college is determined by market forces. Current ...

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 (Dollars) Quantity Demanded (Tickets) 15,000 12,000 8,000 Quantity Supplied (Tickets) 8,000 4 8 8,000 12 16 6,000 8,000 8,000 8,000 20 3,000 Use the blue points (circle symbol) to graph the demand for basketball tickets. Then use the orange points (square symbol) to graph the supply of tickets. Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in this market. 20 183. Problems 4-11 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 (Dollars) Quantity Demanded (Tickets) 12,000 10,000 4 Quantity Supplied (Tickets) 10,000 10,000 10,000 8 12 16 8,000 7,000 6,000 10,000 20 10,000 Use the blue points (circle symbol) to graph the demand for basketball tickets. Then use the orange points (square symbol) to graph the supply o tickets. Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in this market.

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