while the supply is fixed at Q = 3,… Show more Suppose demand for Kelowna Rockets season tickets are given by while the supply is fixed at Q = 3,000 seats. a) First, draw a supply-and-demand diagram to show the market equilibrium for a basketball game and then compute the equilibrium price and quantity. b) Suppose that the government received a complain that the equilibrium price you found in part a) too high. It is considering imposing the price ceiling at $120 per seat. Do you support it or oppose it? Explain your position. c) Suppose now the club owner wants to maximize the revenue from ticket sale. What price should the owner set? What is the resulting revenue? • Show less