○ 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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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