Answered: Ticket Attendance, Price Thousands…

Ticket Attendance, Price Thousands Polnt $50 $50 40 4 40 30 8 P = 50 – 2.50 20 12 10 16 e 30 20 20 e Ticket demand 10 8 12 16 20 Attendance In thousands (Q) Ticket price (P)

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section3.3: Consumerism

Problem 5R

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Question

Indicate how each of the following might affect the data shown in the table and graph in Figure 2 of this appendix: a. GSU’s athletic director schedules higher-quality opponents. b. An NBA team locates in the city where GSU plays. c. GSU contracts to have all its home games televised

Ticket
Attendance,
Price
Thousands
Polnt
$50
$50
40
4
40
30
8
P = 50 – 2.50
20
12
10
16
e
30
20
20
e Ticket
demand
10
8
12
16
20
Attendance In thousands (Q)
Ticket price (P)

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