Started By
Message
re: SEC Student Ticket Prices (Best to Worst?)
Posted on 6/4/12 at 12:52 pm to WG_Dawg
Posted on 6/4/12 at 12:52 pm to WG_Dawg
quote:
Where am I wrong? LSU is a big game for them, so they realize they can charge $100 a ticket and they will all be sold. If LSU requested 50,000 tickets for the game, would the price per ticket go up to $300?
You are understanding the demand part, but not the supply part, or the price elasticity of demand. We don't have 50,000 tickets to give LSU.
1
Posted on 6/4/12 at 1:09 pm to TeLeFaWx
quote:
You are understanding the demand part, but not the supply part, or the price elasticity of demand. We don't have 50,000 tickets to give LSU.
In other words, supply is upward sloping to a point where it becomes perfectly inelastic because in the short run, supply is fixed at a certain number of seats.
Page 1 of 1
Popular
Back to top
Follow SECRant for SEC Football News