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(1 pt) A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $10 the average attendance has been 22000.
(1 pt) A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $10 the average attendance has been 22000. When the price dropped to $7, the average attendance rose to 26000. a) Find the demand function p(x), where x is the number of the spectators. (Assume p(x) is linear.) p(x) = b) How should ticket prices be set to maximize revenue? = Price = $ TT
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