Question: The table below shows the demand and supply for the World Cup Final game in the Luzhniki Stadium in Moscow. (5 Marks) Price ($) per

The table below shows the demand and supply for the World Cup Final game in the Luzhniki Stadium in Moscow. (5 Marks)

Price ($) per ticket Quantity Demanded 1 Quantity Supplied Quantity Demanded 2
150 129,000 99,000
200 119,000 99,000
250 109,000 99,000
300 99,000 99,000
350 89,000 99,000
400 79,000 99,000
450 69,000 99,000

a. If the organizers wish to ensure a sellout for the final game, the highest price per ticket they can charge is $. b. If the organizers decided to charge a price of $250 per ticket, there would be a (Click to select) shortage surplus of . c. Suppose that the demand for each game in the qualifying rounds is 20,000 less than for the final game. In the table above, show the demand for a qualifying round game in the column titled Quantity Demanded 2. d. If the organizers wish to ensure a sellout for each qualifying round game, the highestprice per ticketthey can charge is $.

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