2. Predicting Consequences Use the table below to predict what would happen if airlines and baseball stadiums priced all seats the same instead of using variable pricing. What would happen to the num- ber of tickets sold? What would happen to the total revenue from ticket sales? Assume stadiums are using variable pricing and aren't completely sold out or completely empty. What would change if seats were sold at the lowest prices? Highest prices? Variable prices? More seats sold Fewer seats sold More revenue Less revenue Lowest prices Highest prices Variable prices O Pearson Education, Inc. publish

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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2. Predicting Consequences Use the table below to predict what would happen if airlines and baseball
stadiums priced all seats the same instead of using variable pricing. What would happen to the num-
ber of tickets sold? What would happen to the total revenue from ticket sales? Assume stadiums are
using variable pricing and aren't completely sold out or completely empty. What would change if
seats were sold at the lowest prices? Highest prices? Variable prices?
More seats sold
Fewer seats sold
More revenue
Less revenue
Lowest prices
Highest prices
Variable prices
O Pearson Education, Inc. publish
Transcribed Image Text:2. Predicting Consequences Use the table below to predict what would happen if airlines and baseball stadiums priced all seats the same instead of using variable pricing. What would happen to the num- ber of tickets sold? What would happen to the total revenue from ticket sales? Assume stadiums are using variable pricing and aren't completely sold out or completely empty. What would change if seats were sold at the lowest prices? Highest prices? Variable prices? More seats sold Fewer seats sold More revenue Less revenue Lowest prices Highest prices Variable prices O Pearson Education, Inc. publish
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