Business, 26.02.2020 17:21 dyhji

A country club usually only allows members to purchase tickets for its celebrity golf tournament, but the club?

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
by Members Quantity Demanded
by Non-members Quantity Supplied
$10 1000 500 600
$15 800 400 600
$20 600 300 600
$25 400 200 600

$30 200 100 600

A country club usually only allows members to purc

Refer to Table 4-8. If both members and non-members are allowed to purchase tickets to this year's celebrity golf tournament and the country club sets the ticket price at $20, then there will be
a. a shortage of 300 tickets.
b. a surplus of 300 tickets.
c. 600 tickets sold.
d. 600 tickets unsold.

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