Question 1 < > A baseball team plays in a stadium that holds 66000 spectators. With the ticket price at $11 the average attendence has been 27000. When the price dropped to $10, the averege attendence rose to 33000. a) Find the demand function for price, p(x) dollars, where x is the number of the spectators. Assume p(x) is linear. p(x) = b) Take notice! 'p(x)' you found above is not the revenue function... Revenue is (price/ticket)×(#tickets sold). What ticket price should they charge to achieve maximize revenue?

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