Price: 4,8,12,16,20
Quantity Demanded:10,000, 8000,6000,4000,2000
Quantity Supplied: 8000,8000,8000,8000,8000

a. Draw the demand and supply curves. What is unusual about the supply curve ? Why might this be true?
b. What are the equilibrium price and quantity of tickets?
c. Your college plans to increase…