The demand for tickets to the daytona 500 nascar event is, Ask an Expert

Economics

The demand for tickets to the Daytona 500 Nascar event is given by the equation Q_d?=350,000- 800p. The supply of tickets to the event is given by the capacity of the Daytona track, which is 150,000. What is the equilibrium price of tickets to the event? What is the price elasticity of demand at the equilibrium price? What is the price elasticity of supply at the equilibrium price?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709114

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