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Question 3 The demand function for football tickets for a typical game at SCU is 19(3)) = 20000 1000p. The university whats to set its

Question 3 The demand function for football tickets for a typical game at SCU is 19(3)) = 20000 1000p. The university whats to set its ticket prices to maximize revenue. The university's stadium holds 10000 spectators. Question 3 Part a \\Vhat ticket price should university charge to maximize its revenue? How many tickets would the university sell at that price? What is the price elasticity of demand at that quantity level? Question 3 Part b A series of winning seasons caused the demand curve for the football tickets to soar. The new demand function is 13(1)) = 30000 1000p. V's-That price should university charge now in order to maximize its revenue? How many tickets would the university sell at that price? 'What is the price elasticity of demand at that quantity level

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