Find the demand function

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Reference no: EM13185826

A baseball team plays in a stadium that holds 56000 spectators. With the ticket price at $9 the average attendance has been 24000. When the price dropped to $8, the average attendance rose to 28000.

a) Find the demand function , where is the number of the spectators

b) How should ticket prices be set to maximize revenue?

Reference no: EM13185826

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