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Economics

Suppose the graph on the next page depicts the demand for football tic k ets at Grand University.

(a) What is total revenue at the price of $24? $

(b) If the price drops to $12, how many tickets would consumers purchase?

(d) If the team has a winning streak and the price is still $24, at what point do we end up?

(e) What is total revenue at that point?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229864

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