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Elasticity of Demand
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<blockquote data-quote="Richard7125" data-source="post: 868906" data-attributes="member: 5703"><p>I don't see reducing ticket prices by $18/ticket would generate an additional 20,000 fans. I think the majority of people attending games are doing so because that's what they want to do. For the next big renovation project at GT, they should go for the more intimate setting reducing total capacity to 40k +/-. Blow-up North end-zone; put stadium seats everywhere and charge more per ticket.</p></blockquote><p></p>
[QUOTE="Richard7125, post: 868906, member: 5703"] I don't see reducing ticket prices by $18/ticket would generate an additional 20,000 fans. I think the majority of people attending games are doing so because that's what they want to do. For the next big renovation project at GT, they should go for the more intimate setting reducing total capacity to 40k +/-. Blow-up North end-zone; put stadium seats everywhere and charge more per ticket. [/QUOTE]
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