7. ( LO 4, [5, ' 6) L Table 2.15 shows the demand and supply for the World Cup Final game in the Luzhniki Stadium in Moscow. TABLE 2.15 Price ($) per Ticket Quantity Demanded 1 Quantity Supplied Quantity Demanded 2 150 119 000 79 000 200 109 000 79 000 250 99 000 79 000 300 89 000 79 000 350 79 000 79 000 400 69 000 79 000 450 59 000 79 000 a) If the organizers wish to ensure a sellout for the final game, what is the highest price per ticket they should charge? Price of: b) What would happen if the organizers decided to charge a price of $200 per ticket? Answer: There would be a (surplus/shortage) of tickets. c) Suppose that the demand for each game in the qualifying rounds is 20 000 less than for the final game. Show the new demand in I Table 2.15. d) If the organizers wish to ensure a sellout for each game, what is the highest price per ticket they can charge for a qualifying round game? Price of