The relationship between the ticket price and the number of spectators is presented in the table: If the cinema has 2,600 seats and the ticket price is € 10, will the balance be achieved and the cinema hall will be completely full? How many places will be available? What is the equilibrium price? ticket price  demand supply income 4 3000     6 2800     8 2600     10 2400     12 2200

Managerial Economics: A Problem Solving Approach
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Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Chapter8: Understanding Markets And Industry Changes
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The relationship between the ticket price and the number of spectators is presented in the table:

If the cinema has 2,600 seats and the ticket price is € 10, will the balance be achieved and the cinema hall will be completely full?

How many places will be available?

What is the equilibrium price?

ticket price

 demand

supply

income

4

3000

   

6

2800

   

8

2600

   

10

2400

   

12

2200

   

 

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