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Suppose the graph below depicts the demand for football tickets at Grand University. Instructions: Enter your responses as a whole number. 3. If current demand
Suppose the graph below depicts the demand for football tickets at Grand University. Instructions: Enter your responses as a whole number. 3. If current demand is represented as D2, what is total revenue (= price * quantity) at the price of $28 ? b. If the price changes to $12, how many tickets would consumers purchase? tickets What is total revenue at that point? d. If the team has a losing streak that shifts the demand curve and the price is still $28, at what point do we end up? On demand curve selling tickets What is total revenue at that point
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