The demand for tickets to the Daytona 500 NASCAR event is given by the equation 
The supply of tickets to the event is given by the capacity of the Daytona track, which is 150,000. What is the equilibrium price of tickets to the event? What is the price elasticity of demand at the equilibrium price? What is the price elasticity of supply at the equilibrium price?
Definitions:
African Population
The demographic total of individuals living on the African continent, known for its cultural, ethnic, and linguistic diversity.
Staple Crop Production
The cultivation and production of essential crops that form the basic diet of a population.
Hierarchical Society
A society that is structured in a hierarchy of ranks with those at the top having more power and privileges than those lower down.
Wealthiest Elite
A small group of people with significant wealth and power within a society, often exuding considerable influence in economic, political, or social realms.
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