(Answered) Suppose a sports team did a study that showed that the

Economics

Suppose a sports team did a study that showed that the demand curve for tickets was perfectly inelastic at the capacity of building up to a price of $350 per ticket, at which point it becomes perfectly elastic.

1) Draw a Supply and Demand diagram assuming a building capacity of 18,000.

2) What would this imply about their best pricing strategy?

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