(Answered) Suppose the tampa bay rays baseball team charges 10

Economics

Suppose the Tampa Bay Rays baseball team charges $10 bleacher seats and sells 250,000 of them over the course of the season. The next season, the Rays intends to increase the price to $12 and sell 200,000 tickets.k

a) what is the elacticity of demand for bleacher seats at Rays games?

b)assuming the marginal cost of admitting one more fan is zero, is the price increase a good idea?

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Microeconomics, Economics

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