ESSENTIALS OF ECONOMICS
ESSENTIALS OF ECONOMICS
11th Edition
ISBN: 9781260225334
Author: SCHILLER
Publisher: RENT MCG
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Chapter 3, Problem 10P
To determine

(a)

The market surplus or shortage when price decrease from $100 to $80.

To determine

(b)

The profit generates from selling 10,000 ticket at price p = $100.

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