Table 4-12
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: 
-Refer to Table 4-12. If only members are allowed to purchase tickets to this year's celebrity golf tournament, then what will be the equilibrium price?
Definitions:
Rate of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
Dividend Income Distributions
Payments made by a corporation to its shareholders, typically derived from the company's earnings.
Capital Gains
Capital gains are the profit earned from the sale of an asset, such as stock or real estate, which has increased in value over the holding period.
Rate of Return
The increase or decrease in the value of an investment during a predetermined period, represented as a percentage of the investment's starting cost.
Q33: When demand is perfectly inelastic, the demand
Q188: Refer to Table 4-3. Whose demand does
Q198: Refer to Table 4-1. If the market
Q238: Demand is said to be price elastic
Q283: The equilibrium price is the same as
Q330: Refer to Figure 4-2. Suppose Phil and
Q361: In any economic system, scarce resources have
Q378: Refer to Table 4-11. If the price
Q513: How does total revenue change as one
Q555: For a particular good, a 12 percent