Question: Question: The table below shows a Red Sox fan's demandfor tickets to a game: Price Quantity Demanded $100 5tickets $90 5tickets $80 5tickets $70 5tickets

Question: The table below shows a Red Sox fan's demandfor tickets to a game:

Price Quantity Demanded $100 5tickets $90 5tickets $80 5tickets $70 5tickets $60 5tickets Which of the following statements istrue?

Answer: WTP for the third ticket is between $90 and $100.

Since the third ticket is purchased at $90 but not at $100, the fan must have WTP between $90 and $100 for it.

Question for Tutor: How is that possible 2nd, 3rd, 4th & 5th tickets have WTP of $90 max. 3rd ticket is not an exception. Then why is this the answer?

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