Goliath State University (GSU) has a football stadium that seats a maximum of 80,000 fans and...

 

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Goliath State University (GSU) has a football stadium that seats a maximum of 80,000 fans and is sold out for every home game. The price of a ticket to attend a GSU football game is $40 and the most that anyone would ever pay for a ticket is $300. Assume that tickets are priced at market equilibrium. Part 1: Use the infinite line drawing tool to draw the supply and demand curves for GSU football games. Label each curve accordingly. Part 2: Use the triangle tool to indicate the amount of consumer surplus and label the area CS. Coordinates: (98.75, 250.75) 320 300 280 260 240 220 200 180 160 140 120 100 80 Demand 60 Supply 40 CS 20 Unselected M Snapping 20 40 60 80 100 Quantity of tickets (thousands) Clear All rice of tickets Goliath State University (GSU) has a football stadium that seats a maximum of 80,000 fans and is sold out for every home game. The price of a ticket to attend a GSU football game is $40 and the most that anyone would ever pay for a ticket is $300. Assume that tickets are priced at market equilibrium. Part 1: Use the infinite line drawing tool to draw the supply and demand curves for GSU football games. Label each curve accordingly. Part 2: Use the triangle tool to indicate the amount of consumer surplus and label the area CS. Coordinates: (98.75, 250.75) 320 300 280 260 240 220 200 180 160 140 120 100 80 Demand 60 Supply 40 CS 20 Unselected M Snapping 20 40 60 80 100 Quantity of tickets (thousands) Clear All rice of tickets

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