Suppose 400,000 tickets are sold across Taylor Swift’s Australian shows. For simplicity,assume each is sold at a price of $200, and the concert sells out. In the weeks and days beforethe concerts, a secondary market emerges, with some of these 400,000 tickets beingadvertised for sale and purchased (illegally) for prices as high as $4000. Does this indicatethat $200 was greater than, less than, or equal to the market clearing price? Explain.

Refer to Table 5.2. The table above lists the highest prices five consumers are willing to pay for a theatre ticket. If the price of one of the tickets is $10, ___________.Correct!  everyone will buy a ticket except for Esther   only Anya and Basil will buy tickets   Celeste’s consumer surplus is $25   the total consumer surplus from the purchase of tickets will be $61  Question 5Tips0 / 1 ptsFigure 5.3 Figure 5.3 shows the market for tiger shrimp. The market is initially in equilibrium at a price of $15 and a quantity of 80. Now suppose producers decide to cut output to 40 in order to raise the price to $18.Refer to Figure 5.3. The value of the dead-weight loss at a price of $18 is ________.Correct answer  $100 You Answered  $180   $660   $1 040 Quiz score: 4 out of 5PreviousNextSubmission details:Time: 19 minutesCurrent score: 4 out of 5Kept score: 4 out of 5

Adele is set to go on a massive music tour throughout 2016. She performed 6 concerts at the O2 Arena in London. The arena has a capacity of 20,000 people and tickets were originally sold for $85 per ticket. All 6 concerts were sold out without any scalping (people who sell on tickets to consumers to make a profit) and the maximum a consumer was willing to pay per concert was $117 per ticket (where total tickets sold would = 0 if the ticket price was any more). Assuming a linear demand curve, what was the consumer surplus from one concert only? Answer to the nearest whole number (with no decimal places).

Sale prices mean that a good’s price isMultiple Choicetemporarily reduced.otherwise set above the market price.equal to the equilibrium price.a meaningless variable.

If Harsh sold a match ticket for Rs.340 at a profit of 25%,at what price did he purchased the ticket?

Optimal Ticket SellerMax Score: 100There are N number of ticket counters outside a local theatre. Each counter has variable number of tickets - Ti. The price of a ticket on a single counter is equal to the number of tickets remaining in the counter.For example, if a counter has 10 tickets, the price of the 1st ticket will be Rs 10, 2nd would be Rs 9 and so on. Given that K tickets are going to be sold for a particular show, find the maximum amount that can be collected.Input FormatFirst line of input contains T - number of test cases. Its followed by 2T lines. First line of each test case contains N,K - the number of counters and the number of tickets to be sold. Next line contains N integers - the amount of tickets at each counter respectively.Output FormatFor each test case, print the maximum amount collected, separated by new line.Constraints30 points1 <= T <= 1001 <= N <= 1021 <= Ti <= 1030 <= K <= Sum(Ti)70 points1 <= T <= 1001 <= N <= 1041 <= Ti <= 1050 <= K <= Sum(Ti)ExampleInput22 47 54 1012 10 6 8Output2392ExplanationExample 1:Buy 3 tickets from 1st counter: 7+6+5 and 1 ticket from the 2nd counter: 5, Amount = 7+6+5+5=23.