The potential market represents all active duty military members, all veterans, and their families. assume that according to the united states department of defense, as of december 31, 2014 there were 1 comma 360 comma 9261,360,926 active duty personnel in all armed services. the veteran population totaled 21 million at the end of 2014. assuming the average cost of life insurance is $750750 per year and that potential customers purchase one policy per year, use the chain ratio method to calculate the market potential for life insurance in the military market. the number of buyers in the market can be estimated as

At fenway park, home of the boston red sox, seating is limited to 38,000. hence, the number of tickets issued is fixed at that figure. the following graph shows the demand and supply for red sox tickets. use the graph input tool to you answer the following questions. you will not be graded on any changes you make to this graph. 0 38 76 100 90 80 70 60 50 40 30 20 10 0 price of tickets quantity of tickets (thousands) demand supply graph input tool market for tickets price 10 quantity demanded (thousands of tickets) 68 quantity supplied (thousands of tickets) 38 tax on buyers 0.00 seeing a golden opportunity to raise revenue, the city of boston levies a per ticket tax of $5 to be paid by the ticket buyer. boston sports fans, a famously civic-minded lot, send in the $5 per ticket. true or false: the entire tax burden falls on the team’s owners because supply is perfectly inelastic. true false