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re: SEC Student Ticket Prices (Best to Worst?)
Posted on 6/4/12 at 1:09 pm to TeLeFaWx
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.
1
Posted on 6/4/12 at 1:13 pm to wdeinttown
quote:
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.
Well hot damn. It seems those arguing for Auburn's academic status to surpass that of Georgia's might not have been too far off the mark.
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