What price team have to charge to fill the stadium, Microeconomics

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What price team have to charge to fill the stadium

The Mesa RedBird football team plays in a stadium with a seatig capacity of 80,000.? However,during the past season, attendance average only 50,000. The average ticket price was $30.00. If price elasticity is -4, what price would the team have to charge in order to fill the stadium? If price were to be decrease to $27 and the average attendance increase to 60,000, what would the price elasticity be?

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Microeconomics: What price team have to charge to fill the stadium

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Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: What price team have to charge to fill the stadium

Reference No:- TGS070413

Recent Questions Asked Microeconomics

Q : Problem on cash disbursements

Q : Structured profit approach to calculate profits

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Q : What date must the invoice be paid

Q : What price team have to charge to fill the stadium

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Q : Company report as office supplies expense

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Q : What was the amount of net income for the year

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