Question: Based on the given article regarding ticket scalping, answer the following questions. a. Use a demand/supply diagram to illustrate the average free market price of


Based on the given article regarding \"ticket scalping,\" answer the following questions. a. Use a demand/supply diagram to illustrate the average \"free market\" price of Wimbledon tickets versus the \"official\" ticket price. (Draw a vertical supply curve to represent the fixed stadium capacity). Identify on your diagram and explain how excess demand at the official price, leads to the \"free market" price. How would the excess demand be revealed? b. Explain and construct a demand/supply diagram to illustrate a scenario where changing demand conditions could create a scenario where scalpers will suffer a loss. c. Suppose you are given a ticket to the Wimbledon finals, what is the\" financial" opportunity cost of attending? d. Who (if anyone) benefits from ticket scalping? Who (if anyone) loses from ticket scalping? e. In a single sentence, explain the comic below
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