Find the demand function, When the ticket price is 7

Find the demand function

Reference no: EM13191963

A baseball team plays in a stadium that holds 100000 spectators. When the ticket price is 7 dollars the average attendance is 45000. When the price is dropped to 5 dollars then the average attendance rises to 50000. Find the demand function and how should the ticket price be set to maximize revenue?

Reference no: EM13191963

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