Find the demand function, Find the demand function(price as

Find the demand function

Reference no: EM13190367

A baseball team plays in a stadium that holds 57000 spectators. With the ticket price at $10, the average attendance at recent games has been 49,000. When ticket prices are lowered to $8, the average attendance rose to 51,000.

Find the demand function(price as a function of attendance), assuming it to be linear.

How should ticket prices be set to maximize revenue?

Reference no: EM13190367

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