A country club usually only allows members to purchase tickets for its celebrity golf tournament, but the club is considering allowing non-members to purchase tickets this year. The demand and supply schedules are as follows:
Price Quantity Demanded Quantity Demanded Quantity
by Members by Non-members Supplied
$10 1000 500 600
$15 800 400 600
$20 600 300 600
$25 400 200 600
$30 200 100 600
If only members are allowed to purchase tickets to this year's celebrity golf tournamen, then what wil be the equilibrium price?
Answers: 1
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A country club usually only allows members to purchase tickets for its celebrity golf tournament, bu...
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