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Ticket Attendance, Price Thousands Polnt $50 $50 40 4 40 30 8 P = 50 – 2.50 20 12 10 16 e 30 20 20 e Ticket demand 10 8 12 16 20 Attendance In thousands (Q) Ticket price (P)

Ticket Attendance, Price Thousands Polnt $50 $50 40 4 40 30 8 P = 50 – 2.50 20 12 10 16 e 30 20 20 e Ticket demand 10 8 12 16 20 Attendance In thousands (Q) Ticket price (P)

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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Indicate how each of the following might affect the data shown in the table and graph in Figure 2 of this appendix: a. GSU’s athletic director schedules higher-quality opponents. b. An NBA team locates in the city where GSU plays. c. GSU contracts to have all its home games televised

Ticket Attendance, Price Thousands Polnt $50 $50 40 4 40 30 8 P = 50 – 2.50 20 12 10 16 e 30 20 20 e Ticket demand 10 8 12 16 20 Attendance In thousands (Q) Ticket price (P)
Transcribed Image Text:Ticket Attendance, Price Thousands Polnt $50 $50 40 4 40 30 8 P = 50 – 2.50 20 12 10 16 e 30 20 20 e Ticket demand 10 8 12 16 20 Attendance In thousands (Q) Ticket price (P)
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