Question
When DSU increased men's basketball ticket price from 15 to 18, the sales of individual tickets dropped from 680 to 628 in the next game.
When DSU increased men's basketball ticket price from 15 to 18, the sales of individual tickets dropped from 680 to 628 in the next game. (1) please calculate the price elasticity (PED) of the game. (2) please calculate the total revenue change after the price increase.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
