○ 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
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 38P: Say that a certain stadium for professional football has 70,000 seals. What is the shape of the...
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