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Question: consider the following supply and demand curves for tickets to...

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Consider the following supply and demand curves for tickets to Oakland As games, where Q is measured in hundreds of tickets per game. 3. Qd 100- 2P Qs 203P Answer the following questions with regard to these equations: a. Solve for the equilibrium price and quantity for this market. b. Depict this market graphically. Fully label your graph, including the y-intercept and the equilibrium price and quantity What would happen if bay area residents increase their preferences for As games? Illustrate the effect on the market graphically, and discuss how you would expect equilibrium quantity and price to change c. d. What would happen if stadium workers wages increased? Illustrate the effect on the market graphically, and discuss how you would expect equilibrium quantity and price to change What would happen if the price for San Francisco Giants tickets increased? Illustrate graphically, and discuss how you would expect equilibrium quantity and price to change. e.

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