stadiums priced all seats the same instead of using variable pricing. would happen to the number of tickets sold? would happen to the total revenue
stadiums priced all seats the same instead of using variable pricing. would happen to the number of tickets sold? would happen to the total revenue from ticket sales? Assume stadiums are using variable pricing and aren’t completely sold out or completely empty. would change if seats were sold at the lowest prices? ghest prices? Variable prices? When tickets are at the lowest prices, the law of demand says there would be an increase in ticket More seats sold Fewer seats sold More revenue Less revenue Lowest highest variable
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