In the United States, the biggest shopping day each year is “Black Friday,” the day after Thanksgiving. Every Black Friday, the local branch of a major retailer makes this offer to the public: the first 100 54-inch HD flat-screen televisions sold will sell at the discounted price of $50 each. Customers line up before the store opens its doors to take advantage of this tremendous bargain.

a. In this scenario, what is the “price” of a 54-inch flat-screen television?

b. How would that “price” likely change if the retailer offered the first 500, instead of the first 100, televisions at $50 apiece? If only the first 50 were offered at the discounted price?