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○ If P1 were $25 and P2 was $40, the plan to reduce stadium size would be successful in increasing total revenue from ticket sales if D1 were the demand curve for tickets but would reduce total revenue from ticket sales if the demand was D2. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D1 or D2 was the demand curve for tickets. none of the above. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D2 were the demand curve for tickets but would reduce total revenue from ticket sales in the demand was D1. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be unsuccessful in increasing total revenue from ticket sales if D1 or D2 were the demand curve for tickets

○ If P1 were $25 and P2 was $40, the plan to reduce stadium size would be successful in increasing total revenue from ticket sales if D1 were the demand curve for tickets but would reduce total revenue from ticket sales if the demand was D2. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D1 or D2 was the demand curve for tickets. none of the above. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D2 were the demand curve for tickets but would reduce total revenue from ticket sales in the demand was D1. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be unsuccessful in increasing total revenue from ticket sales if D1 or D2 were the demand curve for tickets

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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what choices are correct? multiple answers maybe correct.

Consider two possible demand curves for stadium seats-D1 and D2. Price P2 P1 20 D1 D2 50,000 85,000 Quantity
Transcribed Image Text:Consider two possible demand curves for stadium seats-D1 and D2. Price P2 P1 20 D1 D2 50,000 85,000 Quantity
O If P1 were $25 and P2 was $40, the plan to reduce stadium size would be successful in increasing total revenue from ticket sales if D1 were the demand curve for tickets but would reduce total revenue from ticket sales if the demand was D2. O If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D1 or D2 was the demand curve for tickets. none of the above. O If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D2 were the demand curve for tickets but would reduce total revenue from ticket sales in the demand was D1. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be unsuccessful in increasing total revenue from ticket sales if D1 or D2 were the demand curve for tickets
Transcribed Image Text:O If P1 were $25 and P2 was $40, the plan to reduce stadium size would be successful in increasing total revenue from ticket sales if D1 were the demand curve for tickets but would reduce total revenue from ticket sales if the demand was D2. O If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D1 or D2 was the demand curve for tickets. none of the above. O If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be successful in increasing total revenue from ticket sales if the D2 were the demand curve for tickets but would reduce total revenue from ticket sales in the demand was D1. If P1 were $25 and P2 was $40, the plan to reduce the stadium size would be unsuccessful in increasing total revenue from ticket sales if D1 or D2 were the demand curve for tickets
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