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25-05-2023
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Market Demand and Supply for Concert Tickets Price Quantity Quantity Demanded Supplied $10 1,000 400 $15 900 600 $20 800 800 $25 700 1,000 $30 600 1,200 Consider the information provided in the above table and graph on the right for the market for concert tickets. The market-clearing or equilibrium price is $. The equilibrium quantity is units. CH Price ($) 35- 30- 25- 20+ 15- 10+ 5- to Market for concert tickets 200 400 600 800 1000 1200 1400 Quantity (concert tickets)

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